Treasurer Questions How Breaking Up Supermarket Giants Would Work

‘If you made supermarkets sell, are they allowed to sell to another big rival?’
Treasurer Questions How Breaking Up Supermarket Giants Would Work
Treasurer of Australia Jim Chalmers MP during post budget media interviews at Parliament House in Canberra, Australia, on May 15, 2024. Tracey Nearmy/Getty Images
Rebecca Zhu
Updated:
0:00

The Albanese government is not interested in adopting powers to break up major supermarket companies, with Treasurer Jim Chalmers highlighting several issues with the approach.

It comes after the Liberal-National Coalition revealed it would back a Greens proposal to legislate government powers to “divest” supermarkets of their assets and stores if elected.