QUEENSLANDERS’ $50M FUEL SLUG
Brisbane drivers have forked over around $50 million more annually than their interstate counterparts since 2009 due to a lack of competition.
Today’s findings by the Australian Competition and Consumer Commission show the dangers of concentrated markets.
These findings back in Labor’s calls for increased fines for anti-competitive conduct, and a completely independent market studies function for the competition watchdog.
Not only would bigger penalties deter dodgy behaviour, some of the revenue could be directed back into the competition watchdog’s litigation budget, giving it more firepower to go after companies that flout the law.
The Turnbull Government needs to get on board and adopt Labor’s measures to protect Australians at the bowser and beyond.
MONDAY, 9 OCTOBER 2017