ACCC in the spotlight for big fines, price-fix claims and corporate misconduct—Australia’s watchdog policing fair markets since 1995.
Australia is experiencing fuel shortages and rising prices due to the conflict in the Middle East and the closure of the Strait of Hormuz. The government has announced measures including halving fuel excise taxes and releasing reserves to support supply, but concerns about inflation and long-term impacts persist.
The ACCC has accused Woolworths of using the Prices Dropped campaign to disguise price hikes, alleging 266 products were involved between 2021 and 2023. Coles and Woolworths face questions about timing, real savings, and the impact on shoppers. The case is ongoing in Federal Court.