Let me see. ACCC, Australia Competition and Consumer Commission, what not a corporation? Everything must be a corporatised now.
It is there to enforce the Trade Practices Act. You know, fair trading, ensuring competition etc etc. Essentially protecting the smaller fry in Australia from the predatory large business practice.
While I may agree they did quite well with cardboard boxes, thereby adding a couple of cents to my pocket each week, I am not sure they are doing so well in the big picture.
It is disingenuous to call Safeway/Woolworths different to Caltex. Who are they trying to fool? So life is now down to basically two supermarkets, Woolworths with Caltex and Coles with Shell calling the shots on petrol pricing, possibly a good bit more than just price. Hmmm, how did that happen then? What did the ACCC do to prevent what is pretty well a duopoly. How did they act to protect independent petrol retailers? Given how many have disappeared, not very well. Where is the giant Mobil petrol company retailing? How much longer can BP hold out with such poor sales?
Of course the above is all complicated further by the petrol wholesalers and refiners behind the mucky retailers.
Speaking of supermarkets, what happened to the small independents? Pretty well eaten up by the big ones I would say. Who would have known the repercussions of the big rocket that appeared on the outside of the new modern supermarket in Australia, Coles New World. A new world it is.
I am sure Aldi is ok, but it is not a normal supermarket as we know them. Has Costco opened yet? Again, it is not a normal supermarket.
Trade practices must extend surely to mobile phone companies. Clear and easy to understand plans should be required. Hands up who agree phone plans set out to be confusing?
Hardware stores? Bunnings, owned by the same owners of Coles isn't it, will soon be omnipresent.
Banks? Reduced to four large ones and a couple of newer start ups and a large foreign one. Let me see. Our first mortgage was with Hotham Permanent Building Society, eaten up by REIV, eaten up by a small bank, eaten up by a bigger bank and then a bigger one again. Westpac promised when they took over Bank of Melbourne, they would retain all branches and continue with Saturday morning trading. Did anyone think to get that in writing?
Dan Murphy, the grog shop that dropped prices to killer low levels, now owned by Woolworths. Fortunately they have not managed to kill off smaller groups......yet.
ACCC, a fail, miserably.