7 News ·australia ·2 hours ago

Australia enforces new law to combat grocery price gouging on July 1

Australia's new law against supermarket price gouging begins on July 1, targeting Coles and Woolworths, which generate revenue exceeding $30 billion. The law, which carries significant penalties for breaches, comes amid rising grocery prices and scrutiny of major supermarkets' pricing practices. It fulfills a commitment by the Labor government to address cost of living pressures.

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Published 25 Jun 2026, 13:02 UTC · Updated 25 Jun 2026, 13:11 UTC

Summary by OZbrief Editorial. Original report: 7 News. Editorial policy · Corrections