Business News

COSBOA BACKS ACCC ON WOOLWORTHS RULING

  • Written by Peter Strong, CEO of COSBOA



The Council of Small Business Australia (COSBOA) today congratulated the Chairman of the ACCC Rod Sims on again showing the mettle to confront the appalling behaviour of dominant businesses and taking them to court.

 

The ACCC has taken action against Woolworths for unconscionable conduct and the mistreatment of suppliers. This follows similar successful action taken in 2014 against Coles.

 

Peter Strong, CEO of COSBOA, stated: “the recent Innovation Statement from Malcolm Turnbull and Christopher Pyne will become hollow unless we as a nation can confront and defeat the enemies of innovation and the parasites of the business community, Wesfarmers and Woolworths.

 

“We need to give the regulator the power required to ensure this behaviour is stopped before it has time to cause greater damage and that can be achieved by strengthening Section 46 of the Competition and Consumer Act.  What is called ‘the effects test’ must be introduced with more rigor than what the Harper Report has recommended,” concluded Mr Strong.

 

COSBOA knows that individuals are suffering from this behaviour, people’s health is affected and ultimately Australian consumers suffer as retail diversity is removed. Due to the bullying by a very few big businesses the nation’s productivity is declining further as suppliers are inhibited from growth.

 

Peter Strong added: “This action shows again what COSBOA, its members and many others have said for decades, the behaviour of the duopoly is destroying businesses, people and productivity. The fact that Australia finally has an ACCC that does its job and doesn’t tug the forelock to big business is a godsend to innovation.”

 

Mr Strong concluded, “COSBOA will hold round table discussions on section 46 early in the new year. We assure our members and the small business community that we will be firm, and where necessary very aggressive, to get fairness in place. We will match the bullying behaviour of these appalling companies with our own aggression and we will confront their misinformation with facts. Enough is enough.”

1. The Council of Small Business Australia (COSBOA) was founded in 1979 and was incorporated in 1985.

 

2. COSBOA is Australia’s peak body exclusively representing the interests of small businesses.

 

 

3. For more information on COSBOA visit: http://www.cosboa.org.au/

 

4. Connect through social media channels:
Facebook: /COSBOA
Twitter: @COSBOA

 

5. COSBOA is a long-time advocate of small business on issues from taxation and workplace relations, through to competition law and retail tenancy.

 

6. The goals of COSBOA are to promote and support the development of small businesses in Australia and the council recognises that it is a national imperative for Australia that the needs of small business are on the national policy agenda.

Psychologist’s 8 tactics to build resilience in the workplace

A clinical psychologist from Wesley Hospital has identified low resilience as a major factor impacting the mental and physical wellbeing of employees. He is calling for more awareness around the nee...

Sophie Harrison - avatar Sophie Harrison

Intense Growth As Car Next Door Launch Capital Raise

Releasing internal revenue figures for the first time, Car Next Door has achieved marketplace revenue of $10m last year and is on track to almost double that again in 2019 as it marks the start of a...

Car Next Door - avatar Car Next Door

How two 30-year old’s made 4 million in 2 years with coffee

Try ordering a “coffee” and chances are you’ll be met with a bored eyeroll and the expectation to specify “how” you’d like your coffee. Will it be, cold-drip, filter, nitro, hell let’s go old school...

Sophia Day - avatar Sophia Day

Why savvy female entrepreneurs need branding more than ever

Branding isn’t new, but it’s become a integral factor in any business success, especially for female entrepreneurs. With an oversupply of skincare, hair and beauty products, fashion accessories, hea...

Stella Gianotto - avatar Stella Gianotto

Be Your Own Boss (BYOB) Is Booming: ABS Stats Show Massive Growth

New ABS stats show Hope Island is an entrepreneurial hot spot with a 15% increase in sole traders over the past 12 months. Small business advocate Paula Brand said the figures support what she has ...

Annette Densham - avatar Annette Densham

3 Australian startup companies making waves in 2019, and the lucrative industries that inspired them

The Australian startup scene is booming, due to a strong economy and government support program”, reports Australian startup investors Maxfunding. It’s no wonder the list of startups is never endi...

Thomas Wright - avatar Thomas Wright

Politics

Scott Morrison at Australia-Israel Chamber of Commerce

QUESTION: I suppose one question I'll ask is about the role of social media, YouTube, Facebook. And the sort of thought process that we’re having as a nation of how we can create that sort of societ...

Scott Morrison - avatar Scott Morrison

Delivering the rail links Western Sydney needs

The Morrison and Berejiklian Governments will ensure the Western Sydney International (Nancy Bird Walton) Airport has a metro rail line in time for its opening.   The Prime Minister said his Gover...

Scott Morrison - avatar Scott Morrison

Nancy-Bird Walton immortalised at Western Sydney Airport

Australia’s biggest aviation project will honour one of the nation’s trailblazing stars of the sky.   The $5.3 billion Western Sydney Airport will officially become Western Sydney International (N...

Scott Morrison - avatar Scott Morrison

Travel

The Gold Coast is famous for fun but it is also famous for horrible traffic issues

The Gold Coast is a great place for a holiday but there are problems that tourists need to be aware of. The Gold Coast airport is a busy place. Thousands of visitors arrive every day from around the ...

Holiday Centre - avatar Holiday Centre

Older generation Australians are embracing solo travel

Allianz predicts a rise in solo travel in 2019, revealing those most likely to ‘go -it-alone’ among the 50+ age group   The popular ‘solo travel’ trend is predicted to continue in 2019 with mor...

Media Release - avatar Media Release

Fun Things You Must Do In Perth

Perth: Sun, sand and 19 beaches might seem to sum up the city, but not quite. The sunniest capital city in Australia offers so much more for you to do. Regardless of what your idea of fun is, you wi...

News Company - avatar News Company