📋 Tender Overview
Miles Labor Government releases consultation paper, to encourage more independent supermarket retailers to the market. Utilising government planning framework to enhance competition in the grocery trade with an aim to reduce grocery prices. Particular focus on regional areas that have less access to alternative retain chains. The Miles Labor Government has today releases a consultation paper to industry that proposes opportunities for the governments planning framework to enhance competition in the supermarket sector.
Consultation is in direct response to the Supermarket Price Inquiry, led by Bundaberg MP Tom Smith, earlier this year. The Government has had a firm focus on doing what matters to bring down pressures of Queensland households, particularly on the essentials like groceries, energy bills and transport costs.
Already the Miles Labor Government has provided every Queensland household with 1,000 off their energy bill, increasing to 1,372 for vulnerable households and seniors. The market share within the grocery sector in Australia is largely held by Woolworths and Coles, who have a combined market share of 65%. Woolworths holds a 37% market share, while Coles follows closely behind with a 28% market share, Aldi holds 10% of the market share and IGA holds 7% market share. The remaining 18% of the market share is made up of smaller independent retailers. In Queensland, these retailers include, but are not limited to Foodworks, Harris Farm Markets, Fresh and Save Warehouse Costco and speciality organic and international stores.
Feedback is being sought from the supermarket industry, local governments, land use developers and the public on matters relating to the Queensland planning framework and the role it plays in the creating healthy competition in the supermarket industry through land use planning and development.
Consultation begins tomorrow (30 September 2024) and will be open until 12 November 2024. The Governments response to the Supermarket Pricing Select Committee report can be found.
