Page 33 - Four Square News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Govt calling time on the coercive behaviour of the big supermarket chains.

New supply code prohibits abuse of power by supermarkets over suppliers Supermarket duopoly must pay on time and treat suppliers fairly Penalties include the greater of 3% of turnover or $3 million for breaches of new code Grocery Commission to act as watchdog to enforce new rules Big supermarket chains face stiff fines for not treating small suppliers fairly, thanks to the Labour Government's new Grocery Code of Conduct, says Commerce and Consumer Affairs Minister Duncan Webb. "The big supermarket chains have not been treating local suppliers fairly - they have been taking advantage ...

Explainer - The government has announced a new code for major supermarkets to treat suppliers more fairly. But what does it mean for competition in the market and prices for shoppers?

Cigarette companies, including ITC and Godfrey Phillips, have implemented the rule requiring 85 per cent pictorial warning, months after halting production in protest over the new government regulation.

New supply code prohibits abuse of power by supermarkets over suppliers Supermarket duopoly must pay on time and treat suppliers fairly Penalties include the greater of 3% of turnover or $3 million for breaches of new code Grocery Commission to act ...