Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

Thanks, Senator Smith. That was an important announcement today. The Treasurer continues the Albanese Labor government's work with the ACCC today with the introduction of a bill to enact historic reforms for a more competitive economy. Under the new system, we'll set clear thresholds to determine whether a merger needs ACCC approval, and there are also powers to ensure all the high-risk mergers are looked at.

This new approach will also ensure that the ACCC is notified of every merger in the supermarket sector. Reviewing every supermarket merger is part of the decisive action our government is taking to help Australians get fairer prices at the check-out. We want to make sure that supermarket mergers don't come at the cost of Australians, families and pensioners getting a fair price on their groceries. The government thanks ACCC chair Gina Cass-Gottlieb for the work she does in promoting competition and ensuring that consumers get a fair go.