COSBOA today congratulated the Chairman of the ACCC Rod Sims on again showing the mettle to confront the appalling behaviour of dominant businesses and taking them to court.
Peter Strong CEO of COSBOA stated today “the recent Innovation Statement from Malcolm Turnbull and Christopher Pyne will become a hollow unless we as a nation can confront and defeat the enemies of innovation and the parasites of the business community, what is ed Wesfarmers and Woolworths”
Mr Strong added ‘there will be round table discussions on section 46 early in the new year and we can assure our members and the small business community that we will be firm and where necessary very aggressive to get fairness in place. We will match the bullying behaviour of these appalling companies with our own aggression and we will confront their misinformation with facts. Enough is enough.”
The ACCC has taken Woolworths to court for unconscionable conduct and the mistreatment of suppliers. This follows similar successful action taken in 2014 against Coles. COSBOA knows that individuals are suffering from this behaviour, peoples health is affected and in the end even the consumer suffers as retail diversity is removed and Australia’s productivity suffers further as suppliers are inhibited from growing due to the bullying by a very few big businesses.
Peter Strong also added “This action shows again what COSBOA, its members and many others have said for decades, the behaviour of the duopoly is destroying businesses, people and productivity. The fact that we finally have an ACCC that does its job and doesn’t tug the forelock to big business is also a godsend to innovation. We do need to give the regulator the power it needs to ensure this behaviours is stopped before it has time to cause greater damage, that is to be found in strengthening section 46 of the competition ACT. What is called ‘the effects test’ must be introduced with more strength than what the Harper Report has recommended.”