"The Government and New Zealanders have been very clear that the supermarket industry doesn't work," says Commerce and Consumer Affairs Minister David Clark. Photo / Mark MitchellClark said the Government had accepted 12 of the recommendations, adding the Government was putting the supermarket sector of "on notice". "Whilst we work to establish an industry regulator the Commerce Commission will take on these responsibilities temporarily," Clark said. Clark said he would engage with the industry ahead of introducing the Grocery Industry Competition Bill to the House this year. Clark said some prices were already being lowered by the duopoly in response to the findings from the Commerce Commission and demand from consumers for better prices.

Source: New Zealand Herald May 30, 2022 19:03 UTC