COL.AX is trading 4.6% down at $23.24 after Australia’s new anti-price-gouging regime for large supermarkets came into force, directly targeting major retailers with significant penalties.
- The amended Food and Grocery Code introduces potential fines of up to 10% of annual turnover for excessive pricing, heightening compliance risks.
- Investors are concerned that tighter ACCC oversight and potential margin pressure will weigh heavily on the company's long-term earnings outlook.