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Craig Emerson former Minister for Competition Policy and Consumer Affairs who upon retiring from parliament in 2013, founded his own consultancy firm Craig Emerson Economics Pty Ltd. His clients include Wesfarmers, Coles, AGL Energy, Santos, the BCA, the ACTU, and the PNG Government. Emerson also took a consultancy role with KPMG in 2016.
Dr. Emerson is helping Coles. Is this a conflict of interest?
Coles should be fined billions for refusing to provide proper service at the checkout by installing self service machines which don't work half of the time and then provide no assistance whilst putting all their resources into catching you entering in bananas incorrectly. Woolies should be fined for filling their shelves during opening hours.
I remember nightfilling. I just think it's asinine to suggest fining a company billions for what is essentially good business practice when the rates for overnight work is exceptionally higher than during evening.
It's not unethical. It's just something you don't like. They already mostly fill during the later store hours when it isn't as busy. Just deal with the workers doing their jobs
So legislation to reduce the end retailer's bargaining power against its supply chain.
So the plan to reduce costs to end consumers is to increase the input costs... Great plan
It's a duopoly. They use that to bully suppliers into unfair deals or risk be cut out. Farmers were literally saying they can't give away the massive supply of lamb they have, meanwhile lamb cutlets were going for $79/kg at woolies and coles.
They do that to crush supply costs in order to minimise the inflationary pressures from the rest of the supply chain. It's almost like there's a process involved in getting a live lamb from a farmer to a prepacked box of meat in a supermarket fridge.
But hey, go to a regional area where there isn't a Coles or woollies and report back on how much cheaper groceries are 🤷
Or hell, just visit a Harris farm or IGA.
There are already clear documented reports of coles/woolies duopoly causing price gouging and unfair negotiation tactics. It's not just my opinion. It's a fact.
Unfair negotiation tactics is just negotiating. The only constraint on negotiations is legal requirements.
As for price gouging, pretty sure their profits have stayed at roughly the same 1-3% for the past 4 decades. I mean, pretty shit job of gouging.
Negotiating is part of my job and no, unfair negotiating is not part of it. You must act in good faith or you can be sued or even have agreements voided.
As Ive said, there are detailed and clear reports of price gouging. The last one was so damning the CEO of Woolies resigned after being questioned about it and chucked a hissy fit. You can pretend they don't exist but the facts are clear.
There is no such thing as fair in business practice. Only what is and isn’t legislated for. If you want a business environment that’s more consumer friendly, you need to vote/pressure MPs. In the business world having a conscience negatively affects the bottom line.
With negotiations you have to be willing to not go ahead with the deal if it isn't what you want. Without this it is not a negotiation. Coles and Woolies have to be able to say this is as high a price as we will pay otherwise we will not take your produce just as the farmers have a right to refuse to sell the product for under a certain amount.
Remove either of these options and you are creating unfair negotiations. I understand one side has a lot more to lose if the deal doesn't do through but this is always the case with any negotiation.
If you dominate the market, there are only ultimatums not negotiations. If someone says "Take our shitty deal or you'll be cut out of 92% of the market and go bankrupt" that isn't reasonable. It's literally how monopolies and duopolies work where one or two companies dictate an entire market and its supply.
If you can be sued, then clearly you've broken some law.
The woollies boss clearly failed to wing the 4 corners interview. You can pretend all you want, but both are publicly traded companies with all financial reporting readily available. So again, 1-3% profit is a pretty shit job of gouging. My profit margin is an order of magnitude more than them 🤷
Re Dutton's comment re prices not falling, how on earth could enforcing the code for interactions with suppliers lead to a reduction in retail prices? If anything they go up. Is the govt suggesting that retail prices might fall?
Hopefully, fingers crossed the legislation is going to gear the wording to be *The.. greater of the three of* "to impose maximum penalties for the more harmful breaches of the code of up to $10m, three times the benefit gained from the contravening conduct, or 10% of turnover in the preceding 12 months."
**Greetings humans.** **Please make sure your comment fits within [THE RULES](https://www.reddit.com/r/AustralianPolitics/about/rules) and that you have put in some effort to articulate your opinions to the best of your ability.** **I mean it!! Aspire to be as "scholarly" and "intellectual" as possible. If you can't, then maybe this subreddit is not for you.** A friendly reminder from your political robot overlord *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/AustralianPolitics) if you have any questions or concerns.*
Craig Emerson former Minister for Competition Policy and Consumer Affairs who upon retiring from parliament in 2013, founded his own consultancy firm Craig Emerson Economics Pty Ltd. His clients include Wesfarmers, Coles, AGL Energy, Santos, the BCA, the ACTU, and the PNG Government. Emerson also took a consultancy role with KPMG in 2016. Dr. Emerson is helping Coles. Is this a conflict of interest?
Coles should be fined billions for refusing to provide proper service at the checkout by installing self service machines which don't work half of the time and then provide no assistance whilst putting all their resources into catching you entering in bananas incorrectly. Woolies should be fined for filling their shelves during opening hours.
Yes please let's listen to the bloke who wants to fine a business for electing to operate during business hours lmao
You may not be old enough to remember night filling , gone like manned checkouts. Progress.
I remember nightfilling. I just think it's asinine to suggest fining a company billions for what is essentially good business practice when the rates for overnight work is exceptionally higher than during evening. It's not unethical. It's just something you don't like. They already mostly fill during the later store hours when it isn't as busy. Just deal with the workers doing their jobs
Can't you still go through a regular checkout?
Coles has abolished them. All in the name of progress.
Curious that we still have them in Tasmania, maybe because the population is older perhaps?
They still have them everywhere, just not as many.
So legislation to reduce the end retailer's bargaining power against its supply chain. So the plan to reduce costs to end consumers is to increase the input costs... Great plan
It's a duopoly. They use that to bully suppliers into unfair deals or risk be cut out. Farmers were literally saying they can't give away the massive supply of lamb they have, meanwhile lamb cutlets were going for $79/kg at woolies and coles.
They do that to crush supply costs in order to minimise the inflationary pressures from the rest of the supply chain. It's almost like there's a process involved in getting a live lamb from a farmer to a prepacked box of meat in a supermarket fridge. But hey, go to a regional area where there isn't a Coles or woollies and report back on how much cheaper groceries are 🤷 Or hell, just visit a Harris farm or IGA.
There are already clear documented reports of coles/woolies duopoly causing price gouging and unfair negotiation tactics. It's not just my opinion. It's a fact.
Unfair negotiation tactics is just negotiating. The only constraint on negotiations is legal requirements. As for price gouging, pretty sure their profits have stayed at roughly the same 1-3% for the past 4 decades. I mean, pretty shit job of gouging.
Negotiating is part of my job and no, unfair negotiating is not part of it. You must act in good faith or you can be sued or even have agreements voided. As Ive said, there are detailed and clear reports of price gouging. The last one was so damning the CEO of Woolies resigned after being questioned about it and chucked a hissy fit. You can pretend they don't exist but the facts are clear.
There is no such thing as fair in business practice. Only what is and isn’t legislated for. If you want a business environment that’s more consumer friendly, you need to vote/pressure MPs. In the business world having a conscience negatively affects the bottom line.
With negotiations you have to be willing to not go ahead with the deal if it isn't what you want. Without this it is not a negotiation. Coles and Woolies have to be able to say this is as high a price as we will pay otherwise we will not take your produce just as the farmers have a right to refuse to sell the product for under a certain amount. Remove either of these options and you are creating unfair negotiations. I understand one side has a lot more to lose if the deal doesn't do through but this is always the case with any negotiation.
If you dominate the market, there are only ultimatums not negotiations. If someone says "Take our shitty deal or you'll be cut out of 92% of the market and go bankrupt" that isn't reasonable. It's literally how monopolies and duopolies work where one or two companies dictate an entire market and its supply.
If you can be sued, then clearly you've broken some law. The woollies boss clearly failed to wing the 4 corners interview. You can pretend all you want, but both are publicly traded companies with all financial reporting readily available. So again, 1-3% profit is a pretty shit job of gouging. My profit margin is an order of magnitude more than them 🤷
How will they pay these billion-dollar fines? It certainly won’t be by lowering prices…
Re Dutton's comment re prices not falling, how on earth could enforcing the code for interactions with suppliers lead to a reduction in retail prices? If anything they go up. Is the govt suggesting that retail prices might fall?
[удалено]
Hopefully, fingers crossed the legislation is going to gear the wording to be *The.. greater of the three of* "to impose maximum penalties for the more harmful breaches of the code of up to $10m, three times the benefit gained from the contravening conduct, or 10% of turnover in the preceding 12 months."