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FAMILY FIRST Success In Establishing Senate Inquiry Into Predatory Pricing Bill

Press Releases June 21 2007

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FAMILY FIRST has succeeded in establishing a Senate inquiry into its legislation to protect small businesses from predatory pricing, where business giants drop their prices to drive out smaller competitors.

FAMILY FIRST’s Trade Practices Amendment (Predatory Pricing) Bill 2007 has been referred to the Economics Committee for inquiry and report by Wednesday, 1 August 2007.

Predatory pricing forces some small retailers to shut up shop because they can no longer compete and Australian families are also punished by higher prices due to less competition.

Australian families are already struggling to make ends meet yet are being ripped off as big business predators price independent supermarkets, pharmacies and petrol retailers out of the market.

Many of Australia’s major retail markets are controlled by only two or three players. Coles and Woolworths control a thumping 80 per cent of the grocery trade, dominate the petrol market and have a strong presence in the non-prescription medicine and healthcare and toiletries market.

This huge market dominance is not seen in other countries, which is why it is so important to stand up to big businesses destroying smaller rivals.

FAMILY FIRST has two constituent groups; Australian families and Australian small businesses. These groups do not have a strong enough voice in Canberra and FAMILY FIRST believes they need all the support they can get.