Carrington Clarke

Will we see a pairing back of that?

Obviously, they think it works, which is why they do it.

But maybe we will see a change in that practice where you'll have maybe less discounts.

numbers of specials, but they will mean something more meaningful.

It's going to be fascinating.

Now, the big question, of course, is, well, what will be that punishment?

You point out the Oztrak example, which I think is totally valid.

Those numbers can be eye-watering.

There is up to nine-figure punishment apparently available to Coles.

Unlikely you would think that we would get there, but who knows?

The ACCC says it will be making a submission.

They believe that there should be a big punishment for this behavior to send a clear message.

Does it have to be so big that it requires an intake of breath, do you think, for it to make a difference?

Or do you think the reputational damage with a smaller fine will be enough?

to change behaviour?

So we now do have a response from Coles to the judgment.

On one hand, they say that the court has found that the price increases resulted from supplier cost price increases and were therefore commercially justifiable.

But they also interestingly do say this case highlights the importance of clarity for both retailers and customers alike.

alike and the need for clear practical guidance on minimum price establishment periods to ensure the retail industry can avoid unnecessary litigation in the future.

we are in the process of reviewing.