Newly introduced price gouging laws are in the ‘best interest of consumers’
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Assistant Treasurer Daniel Mulino says the newly introduced anti-price gouging laws are in the “best interest of consumers”. “From today, it will be illegal for large supermarkets, such as Coles and Woolworths, to charge prices that are excessive when compared to the cost of the supply plus a reasonable margin,” Ms Mulino said during Question Time on Wednesday. “These reforms come with big penalties if breached. “These are tough laws with big penalties which are in the best interest of consumers.”
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