Australia news live: big supermarkets in court showdown with competition watchdog over claims of fake discounts

Retailers face penalties if they profited from promotions that breached consumer law. Follow today’s news live A highly anticipated federal court battle between the competition regulator and supermarket giant Coles begins today, testing allegations the retailer offered “illusory” discounts on hundreds of everyday products. The Australian Competition and Consumer Commission (ACCC) is seeking large penalties and community service orders against Coles, which, along with Woolworths, controls two-thirds of the Australian grocery market. Continue reading...

By Nick Visser