Australian supermarket giants face ACCC investigation over discounting practices

ACCC opens investigation into Woolworths, Coles over discounts

The Australian Competition and Consumer Commission (ACCC) has launched an investigation into the discounting practices of two of Australia's largest supermarket chains, Woolworths Group and Coles Supermarkets.

ACCC concerned about 'potential harm to competition'

The ACCC is concerned that the discounts offered by Woolworths and Coles may be harming competition in the grocery sector. The ACCC is particularly concerned about the impact of the discounts on smaller, independent supermarkets.

ACCC to investigate discounts and allowances

The ACCC will be investigating the discounts and allowances offered by Woolworths and Coles, as well as the impact of these discounts on competition in the grocery sector. The ACCC will also be considering whether the discounts are misleading or deceptive.

Woolworths and Coles deny wrongdoing

Both Woolworths and Coles have denied any wrongdoing. Woolworths has said that it complies with all competition laws and that its discounts are designed to benefit consumers.

ACCC investigation ongoing

The ACCC's investigation is ongoing. The ACCC has not yet made any findings of wrongdoing.

If the ACCC finds that Woolworths and Coles have breached competition laws, it could take enforcement action. This could include issuing fines or taking legal action.