Submission to the Senate Select Committee on Supermarket Prices

28 February 2024

The Business Council of Australia (BCA) welcomes the opportunity to make a submission to this Senate inquiry.

Any investigation of the issues around supermarket prices should recognise that this is a highly complex issue. In this context, the BCA recommends at the outset that the inquiry be allowed to run its course and that any findings be used to inform constructive discussions and engagement. The aim must be to develop targeted solutions to identified issues, if any are found to be necessary. The BCA stands ready to assist in this regard.

The issues raised in this submission relate to the role of supermarkets in the Australian community, the importance of corporate profitability for sustainable businesses, an understanding of the main drivers of inflation, the high and rising cost of doing business, and the consequences of additional policy complexity.

More detailed discussions about profit margins, supermarkets' community impact, and individual pricing strategies will be left to interested members of the BCA's membership.

Read the full submission here.

Share

Latest news


Submissions

Submissions

Submissions