Election’s Supermarket Crackdown
A man walks through an aisle at a Woolworths Group Ltd. grocery store in Sydney, Australia, on Monday, Aug. 21, 2023
Photographer: Brent Lewin/BloombergGood morning, it's Harry here in windy and wet Sydney to catch you up on the top items over the weekend as you start this week
Today’s must-reads:
• Supermarkets are under pressure
• Labor in lead ahead of election
• Flows into Australian tracking funds booming
Australian PM Anthony Albanese plans to fine grocery retailers for inflating prices or offering bogus discounts. The PM plans to introduce legislation if re-elected. In New Zealand, the government is mulling options to break up its supermarket duopoly, including attracting a new international entrant and forcing the separation of the existing chains.