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What will be the total penalties imposed on Coles and Woolworths by ACCC by December 31, 2025?
3
Resolution / Starting Odds
Less than AUD 10 million • 25%
Between AUD 10 million and AUD 25 million • 25%
Between AUD 25 million and AUD 50 million • 25%
More than AUD 50 million • 25%
Official announcements from ACCC, Federal Court rulings
Story
ACCC Sues Coles and Woolworths in Federal Court Over Misleading Discount Claims, Seeks Multi-Million Dollar Penalties
Sep 23, 2024, 02:45 AM
The Australian Competition and Consumer Commission (ACCC) has initiated legal proceedings in the Federal Court against Coles and Woolworths, the country's two largest supermarket chains, for allegedly misleading consumers with their 'Down Down' and 'Prices Dropped' discount campaigns. The ACCC claims that these promotions misled shoppers about discounts on hundreds of common supermarket products. Australian Prime Minister Anthony Albanese has commented on the seriousness of the allegations, noting that overcharging for products can impact inflation. ACCC chair Gina Cass-Gottlieb has stated that the consumer watchdog is seeking significant multi-million dollar penalties as a deterrent for future violations.
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Similar markets
Less than $50 million • 25%
$50 million to $100 million • 25%
More than $100 million • 25%
No financial penalty • 25%
ACCC wins • 33%
Coles and Woolworths win • 33%
Settlement reached • 34%
Less than $1 million • 25%
$1 million to $5 million • 25%
$5 million to $10 million • 25%
More than $10 million • 25%
Yes • 50%
No • 50%
No changes • 25%
Minor changes • 25%
Major changes • 25%
Complete overhaul • 25%
Fine only • 25%
Operational restrictions • 25%
Both fine and restrictions • 25%
No penalties • 25%
Fines only • 25%
Fines and operational restrictions • 25%
Fines and executive penalties • 25%
No penalties • 25%
Less than $50M • 25%
$50M to $100M • 25%
More than $100M • 25%
No penalty • 25%
Yes • 50%
No • 50%
Less than A$100 million • 25%
A$100 million to A$250 million • 25%
A$250 million to A$500 million • 25%
More than A$500 million • 25%
No penalty • 25%
Up to $1 billion • 25%
$1 billion to $5 billion • 25%
More than $5 billion • 25%