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By Byron Kaye
SYDNEY (Reuters) - Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it seeks to address concerns that suppliers have been unfairly squeezed on pricing.
Grocers with more than A$5 billion ($3.3 billion) in annual revenue - currently Woolworths, Coles, Germany's ALDI and wholesaler Metcash - will be made to comply with the code of conduct that has until now been volun...
>>> Read more: Australia to make supermarket industry code mandatory, breaches may result in huge fines
SYDNEY (Reuters) - Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it seeks to address concerns that suppliers have been unfairly squeezed on pricing.
Grocers with more than A$5 billion ($3.3 billion) in annual revenue - currently Woolworths, Coles, Germany's ALDI and wholesaler Metcash - will be made to comply with the code of conduct that has until now been volun...
>>> Read more: Australia to make supermarket industry code mandatory, breaches may result in huge fines
