Last year Coles admitted to unconscionable conduct against at least 250 companies. This year Woolworths has been taken to court by the ACCC with similar offences against about 1,000 businesses.
This is a sign that competition policy has failed. No companies should have been allowed to get so big that their boards have lost control of the behaviour of their employees.
Let’s face it, the senior management and boards of these companies would of course never condone law breaking and they would never give instructions that were unconscionable. If they knew what was happening they would have stopped it. So it is obvious that the Coles board at least didn’t know what was happening out in their businesses.
They had and have no idea. That is concerning as through their ignorance the innovators of Australia, the manufacturers and producers, are stopped from what they do best.
We must change this by changing section 46 of the Competition and Consumer ACT.
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