Carrington Clarke

But let's look at the headlines first.

What do you make of this judgment?

Jenna Cascott-Libb, the chair of the ACCC, was very careful.

As you said, she wouldn't be drawn on any comparisons.

to the case that is being run against Woolworths for obvious reasons.

We're waiting for the decision on that.

But this was an interesting case, and she said that there's been very interesting analysis done about the way

that companies are able to price.

And people are obviously looking for what this will mean for the interpretation of consumer law and a big focus on this kind of 12 week period and about whether or not that is relevant.

So the 12 weeks is about how long the internal rules were at Coles that an item could be at a certain price before you can

say that it has been discounted when it goes to a lower price.

These are internal guardrails that the judge says the Coles did not adhere to.

But what it seems the chair of the ACCC is saying is that this is relevant to this case, but not necessarily to other companies.

So I think it'll be interesting to see how this plays through.

And again, it's before midday here when we're recording.

We'll wait to see how this is interpreted more broadly, but it does appear that perhaps

It's not that this 12 weeks is going to become a rule for every other company, but I guess

What is relevant is that companies at least have to adhere to their own guardrails, their own internal rules about what is a genuine discount.

But it is going to be interesting to see how other companies react.

And one of the things that we heard from the chair is that this shouldn't be the end of discounting.