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Supermarkets Face Heavy Fines for High Prices | Auckland News
The Green Party is launching a bold price crackdown on supermarkets, proposing up to $10 million fines for charging “unreasonable” prices — defined as far exceeding the cost of goods plus a fair profit. Under their Member’s Bill, the Commerce Commission could sue stores suspected of gouging, with courts deciding if prices are excessive. Supermarkets would also face mandatory pricing transparency. Leader Chlöe Swarbrick argues this restores 70s-era fairness lost after deregulation and mirrors Australia’s recent moves. With elections looming, the bill aims to ease grocery costs for Kiwis —…
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