Skip to main content

EG260325SamReiher

Page 1

Incorporating the Nagambie Times and Violet Town Sentinel

AVENEL - EUROA - LONGWOOD - NAGAMBIE - STRATHBOGIE - VIOLET TOWN Wednesday, March 26, 2025

editor@euroa-gazette.com.au

$2.00 inc GST

euroagazette.com.au

Wattle-in-arms at Euroa

Burnoffs coming to a forest near you PAGE 3

CFA at the state championships

PAGE 12

PAGE 20

Government should support community stores: ACCC Watchdog reins in the ‘ColesWorth’ duo on pricing, transparency

A HUNDRED REASONS TO SMILE

THE long-awaited report into supermarket reforms from the Australian Competition and Consumer Commission (ACCC) has highlighted the importance of community and remote supermarkets. The Supermarkets Inquiry Final Report was released by the Federal government on Friday after the ACCC conducted a 12-month inquiry into Woolworths, Coles, and Aldi supermarkets. The ACCC supplied the report to Treasury on Friday, 28 February. Of the 20 recommendations given by the consumer watchdog, a highlight was the need for supporting community-owned stores in ‘limited choice’ areas with necessary governance measures. The inquiry found that ALDI, Coles, and Woolworths were some of the most profitable supermarket businesses among global peers and their average product margins had increased over the past five financial years. The report said Australians’ wages had not kept pace with grocery inflation since 2021, with prices increasing at more than twice the rate of wage

TED Baghel had the time of his life not only celebrating his one hundredth birthday with family and friends at Fowles Wine, but also in the very making of that century of adventure and love, which included when he was behind the wheel of a fast car...or two.  Story page 2 PHOTO: Andy Wilson

Your Local Real Estate Specialists

growth by the start of 2023 and that, despite that growth having since slowed, prices remained substantially higher relative to wages compared to the pre-2022 period. The ACCC said the ‘ColesWorth’ domination of the sector was ‘not working well’ and was leading to poorer outcomes for consumers and suppliers than would be expected in a more competitive market. The recommendations also include clearer pricing practices, greater transparency for suppliers, and reforms to planning and zoning laws, which aim to improve competition and give suppliers fairer bargaining conditions. ACCC deputy chair Mick Keogh said the range of measures to improve competition had come from extensive analysis of the over 100 public submissions to the inquiry and 20,000 consumer survey responses. “The ACCC (also) held eight supplier roundtables, reviewed tens of thousands of internal documents, conducted private hearings and ten days of public hearings, and analysed billions of points of supermarket data,” Mr Keogh said. ■ Continued page 8

(03) 5795 2535 | www.nutrienharcourts.com.au | 13 Binney Street, Euroa

NEW LISTING

1216 Euroa-Strathbogie Road | Kelvin View $500,000 - $550,000 3 1 1.40 Acres / 5640 m2 Bec Gilliland | 0429 376 652

258 High Street | Violet Town

$440,000 - $475,000 3 2 3 1 Acre / 4046 m2 Bec Gilliland | 0429 376 652

34-36 Tarcombe Street | Euroa $590,000 3 2 3 1350 m2 Bec Gilliland | 0429 376 652


Turn static files into dynamic content formats.

Create a flipbook
EG260325SamReiher by Provincial Press Group - Issuu