Australia’s two supermarket giants will face scrutiny as a Senate inquiry investigates their market power and pricing decisions.
The Greens have secured the government’s support to establish the inquiry next week.
The party will push for Coles and Woolworths chief executives to give evidence about their pricing strategies.
Both supermarket chains posted profits of more than $1 billion each for the previous financial year.
“This inquiry will look at the duopoly between Coles and Woolworths, it will consider price gouging, it will consider whether the ACCC needs more powers,” Greens Senator Sarah Hanson-Young said.
“We do need a focus on big corporations who take so much out of the pockets of families and Australians while racking in billions of dollars’ worth of profits.”
