Carrington Clarke

Have a good break, Carrington.

A huge win for the ACCC and a big signal to the supermarket giants as a verdict comes down down on Coles.

And Commonwealth Bank shares plummeted yesterday, falling more than 10%.

But is it fair to link it to the taxation changes in the budget?

Welcome to ABC Business Daily.

I'm Carrington Clarke.

And I'm ABC Business Reporter Daniel Ziffer.

Dan, it's important to timestamp this one because we have just been listening into the head of the ACCC reacting to this blockbuster result where the judge has found in favour of the ACCC's case that Coles misled customers and broke consumer law with its down-down promotion.

Now, a lot was riding on this particular judgment for the ACCC in part because they also have a

Similar case running at Woolworths.

We're waiting to see exactly what the judgment is in this case.

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.