Newly introduced price gouging laws are in the ‘best interest of consumers’

By Sky News Australia

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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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