At last a Govt with the fortitude to tackle this scourge, and address this practice which has a major impact on inflation and therefore interest rates which are crippling younger home buyers. Not long ago there were many people vehemently denying that gouging was an issue, well the Parliamentary enquiry does not agree. Fuel should be made accountable next.
Supermarkets could be legally barred from setting exorbitantly high prices if the government adopts the recommendations of a parliamentary inquiry.The Senate Select Committee on Supermarket Prices today handed down its final report following six months of public hearings and submissions – including the particularly fiery questioning of Woolworths CEO Brad Banducci.It has made 14 recommendations, including outlawing "the charging of excess prices (otherwise known as price gouging)".
