Australian Competition and Consumer Commission | Australian Markets
Australia’s client watchdog has chosen a new chief to run the organisation because it guarantees to take care of scrutiny on the main supermarkets and step up the strain on fake reductions.
Sarah Proudfoot has been appearing chief govt of the Australian Competition and Consumer Commission since February and on Monday was made everlasting.
ACCC chair Gina Cass-Gottlieb mentioned the incoming CEO had constantly proved to be an “outstanding strategic leader” and had a sturdy dedication to public service.
“I am confident that with Sarah’s contribution as CEO leading our capable people, our agency will continue to deliver important outcomes for the Australian economy and community,” she mentioned.
Ms Proudfoot had been main the watchdog’s national anti-scam centre since final August earlier than she was shifted to an appearing CEO function.
The ACCC promised earlier this 12 months there could be no let-up of its scrutiny of the main supermarkets after handing down a 441-page report on the sector as commissioned by the Federal Government.
Coles and Woolworths got here beneath important strain for his or her pricing practices as clients confronted more and more bigger payments for his or her groceries.
To deal with complaints of ‘shrinkflation’, the ACCC advisable that supermarkets be compelled to show when a product had modified in measurement.
Misleading price practices, the place companies promote a sure low cost however don’t ship, may even be the watchdog’s hit checklist for 2025 and 2026, in addition to tackling “subscription traps”.
The ACCC can also be ushering in huge modifications to Australian takeover legal guidelines that may come into impact in 2026.
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