26 February 2014
COSBOA welcomes ACCC crackdown on Duopoly’s dishonest dockets
The Council of Small Business of Australia (COSBOA) today congratulated the Australian Competition and Consumer Commission (ACCC) on its action against supermarket giants Coles and Woolworths, view having instituted proceedings in the Federal Court for allegedly unfair use of fuel discount vouchers.
Peter Strong, malady Executive Director of COSBOA explains despite reaching an agreement with the ACCC late last year to participate in a manner which is competitive for both customers and other businesses, Coles and Woolworths have continued to operate unfairly with the potential to force competitors from the market.
“The long term market domination of the duopoly has resulted in embedded unjust behaviours and false expectations within these organisations, expectations which seemingly put them above the law. Obviously it will take some time for those behaviours to change, but it is very heartening to see the ACCC take action to speed up the change progress,” said Mr Strong.
Mr Strong added that the irresponsible behaviour of Coles and Woolworths is an issue that runs deeper than fuel discount dockets and raises questions as to whether they will honour their past and future public commitments.
“If we cannot trust Coles and Woolworths to abide by their commitment to the Competition Regulator, what hope do small business people have when negotiating a contract?
“At its core this issue is about our capacity as a country to grow and compete globally; it is about suppliers, manufacturers, farmers and other retailers having confidence to do business and invest in new products and capital equipment with certainty.
“If we cannot make a decent living in our own backyard, if we have our products, prices, delivery dates and packaging decided by only two companies, then imagination and innovation will decline along with productivity and our standard of living,” concluded Mr Strong.
Peter Strong, Executive Director COSBOAis available for interview upon request.
For further information please contact:
Maria Ferreira or Jacqueline Howard
Notes to Editors:
1. The Council of Small Business Australia (COSBOA) was founded in 1979 and was incorporated in 1985.
2. COSBOA is Australia’s peak body exclusively representing the interests of small businesses.
3. For more information on COSBOA visit: http://www.cosboa.org.au/
4. Interviews with Peter Strong, Executive Director are available upon request.
5. Connect through social media channels:
6. COSBOA is a long-time advocate of small business on issues from taxation and workplace relations, through to competition law and retail tenancy.
7. The goals of COSBOA are to promote and support the development of small businesses in Australia and the council recognises that it is a national imperative for Australia that the needs of small business are on the national policy agenda.