Australia enforces heavy penalties to curb grocery price gouging
This law forces large retailers to align pricing strategies with transparent cost and margin justifications, emphasizing regulatory risk management in pricing models and the need to balance profitability with consumer fairness under scrutiny.
Frame 1 of 4
Australia grocery giants set to face “price gouging” laws
Australia’s supermarket giants Woolworths and Coles face new laws from July 1, 2026, imposing penalties up to 10% of annual turnover for excessive pricing without fixed thresholds, with ACCC evaluating reasonable margins based on supply costs. The law targets retailers with over A$30bn turnover, including Woolworths (A$69.1bn) and Coles (A$44.3bn) [S1] Penalties can be the greatest of $10m, three times the benefit gained, or 10% of annual turnover [S1]