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AAP

Politics

Poppy Johnston and Jacob Shteyman

New merger laws to shelve 'damaging' supermarket deals

Jim Chalmers ACCC Mergers

Prices should go down as a result of tougher merger laws for supermarket giants. (Con Chronis/AAP PHOTOS)

Every supermarket merger will be scrutinised under new laws designed to drive down prices and keep ownership concentration in check.

The supermarket sector, dominated by a few giants, has been singled out by the federal treasurer as he introduced to parliament on Thursday the biggest reforms to Australia's merger settings in decades.

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