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AAP
AAP
National
Tiffanie Turnbull

More than 40,000 rapid tests stolen in NSW

Some 42,000 rapid, at-home COVID-19 tests worth more than $500,000 have been stolen from a depot in Sydney, amid a nationwide shortage.

NSW Police were called after man walked into the freight depot in Mascot on Tuesday afternoon and "took possession" of the tests.

"The incident was reported to police and inquiries are continuing," a police spokesperson said.

NSW Premier Dominic Perrottet warned the culprit to expect a visit from police soon.

"At a time when everyone across our state has made incredible efforts in keeping people safe, in making sacrifices, what a disgraceful act," he said.

"The police will catch you."

Australia continues to grapple with a shortage of rapid antigen tests and price gouging which the consumer watchdog has called "beyond outrageous".

Australian Competition and Consumer Commission boss Rod Sims says the agency has received reports of RATs costing up to $500 for two tests through online marketplaces, and more than $70 per test through convenience stores, service stations and independent supermarkets.

Despite wholesale RAT costs being up to $11.45 a test, the agency said prices for the kits are often retailing between $20-$30 and are priced much higher through smaller outlets.

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