Arthur Sinodinos (NSW, Liberal Party, Assistant Treasurer) Share this | Hansard source

No, no, it is not the Greek access; it is the Greek caucus! The government is mindful of the impact that shopper docket fuel discount arrangements can have on consumers and on competition amongst industry participants. We are mindful that it is a complex issue and there is a balancing of considerations. We need to can ensure that the right balance is struck for the benefit of all Australians.

The ACCC is assessing the expansion of shopper docket fuel discount arrangements. While the ACCC investigation at the present time is limited to the purpose or effect of the fuel-saving offers in a relevant retail fuel market, it is envisaged that, should any court action be taken following the investigation, the consequences are likely to extend to the retail grocery sector. I understand the chairman recently announced that the ACCC investigation is expected to be finalised this year. The matter of resources as such does not apply in this case. The matter of resources applies to the ACCC generally, but not to this particular case.

Regardless of the outcomes of the ACCC investigation, this is one of many issues that will be considered as part of the root-and-branch review of competition that this government committed to at the election. The review will be an independent examination of how the competition framework is working and whether it is keeping up with emerging trends. It will be looking beyond the competition framework to identify impediments to competition, with the goal of improving the living standards of all Australians. Most importantly, this review is not restricted to the functioning of the competition laws but extends to broader issues, including regulatory impediments for competition, the impact of concentration and vertical integration in key markets, dealings between small and big business, and government involvement in markets. All stakeholders, in particular small business, will have multiple opportunities to engage with the review and provide input. Further details about the review will be released in due course.