mandatory
By Byron Kaye SYDNEY (Reuters) -Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it seeks to address concerns that suppliers have been unfairly squeezed on pricing. Grocers with more than A$5…
When my British friends ask what it’s like to educate my kids in the US, the first issue they raise is the risk of school shootings.In contrast, the last school shooting in the UK — when a gunman murdered 16 elementary students and a teacher — happened in 1996. As…
By Byron Kaye and Scott Murdoch SYDNEY (Reuters) – Large companies planning a takeover in Australia will first have to seek clearance from the antitrust regulator, which will be able to block small deals that “entrench” a big firm’s market power, under sweeping changes to the country’s buyout rules to…
SYDNEY (Reuters) – Australia’s major supermarkets could face fines of up to A$10 million ($6.6 million) if suppliers and growers are not treated fairly, an independent government review said on Monday, as it proposed to make a voluntary grocery code of conduct mandatory. Under the proposed rules, supermarkets with annual…
