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Time for a closer look at supermarket pricing

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Janelle Saffin looking at supermarket pricing.
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Time for a closer look at supermarket pricing

 

Janelle Saffin MP , Member for Lismore

It is clearly time for an investigation into what’s happening with supermarket prices, and it’s good to see some action at the Federal level on that.

We have all seen the price of the weekly grocery shop going up at the same time as the big supermarket chains are reporting massive profits. (In the 2023 financial year, Woolworths reported a total net profit after tax of $1.72 billion, and Coles’ profit was $1.1 billion.)

I’ve had a lot of local farmers ask me what’s going on.  They want to know why the prices they are getting for produce have dropped so much, but supermarket prices haven’t come down.

While supermarket pricing and competition is a Federal Government matter, I am raising it here because it affects all of us and we’d like to know what action is being taken and what we can do.

The Federal Government has announced an inquiry into the Food and Grocery Code of Conduct which is a voluntary code which was set up to improve how supermarkets deal with suppliers.

The review is being led by Dr Craig Emerson, a former Federal Minister for Small Business and Minister for Competition and Consumer Affairs and will look at how effective the code is, whether it should be made mandatory and whether it should include civil penalties.

There is also a Senate Inquiry underway into price gouging which is due to report back in May.

According to the Sydney Morning Herald (13/1/24) Treasurer Jim Chalmers is in talks with the consumer watchdog the ACCC about launching a powerful inquiry into alleged price gouging by supermarkets. This is something that farmers want to see because it would force supermarkets to reveal their farmgate prices and contracts.

I would welcome an ACCC price inquiry as the strongest action because, as the Treasurer says – we want a fair go for families and for farmers.

Janelle Saffin looking at supermarket pricing.

Janelle checking prices while grocery shopping at Woolworths

Save on power bills

If you have suffered power bill shock lately, there are a few things you can do that could bring your bill down.

Electricity retailers are not allowed to charge exit fees or early termination fees when you decide to switch your supplier. You are free to find a better energy deal at any time.

And there is an quick online method for finding out the best deal. The Australian Energy Regulator has a website where you pop in your suburb, and provide the code from your latest power bill, and it calculates the best deal based on your usage.

One of my staff did the calculation and found she could save $400 a year by switching to another provider, so it’s worth investigating.

Also remember to check for any rebates you may be eligible for – there are a range of NSW Government energy rebates for low-income households, families, independent retirees and others.  Go to the website here.

 

For more business news, click here.

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Help Shape the Future of Murwillumbah’s CBD: Community Input Needed

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Help Shape the Future of Murwillumbah’s CBD: Community Input Needed
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Help Shape the Future of Murwillumbah’s CBD: Community Input Needed

 

By Robert Heyward

Business Murwillumbah, also known as the Murwillumbah & District Business Chamber, is calling for community involvement to plan the future of the town’s central business district (CBD). With support from Tweed Shire Council, the Chamber has secured a $316,666 grant through the NSW Government’s Community Improvement District (CID) Pilot Program, aimed at revitalising local economies and business hubs across the State.

The program fosters business-led partnerships to enhance local trading environments, encouraging residents to shop, dine, and enjoy activities within their neighbourhoods. The goal is to create vibrant, foot-traffic-friendly spaces that benefit both businesses and the wider community.

Business Murwillumbah Treasurer Phillip Hepburn described this as an exciting opportunity for locals to contribute to the future of the town.

“This CID Pilot project presents an incredible chance for Murwillumbah’s CBD to thrive. It allows us to bring new ideas to life that will benefit the community and local businesses alike,” Hepburn said. “This is about reimagining how we engage with our town centre, both during the day and at night, and building a sustainable future for our CBD.”

Johnny Francos owner Adam Housen, Business Murwillumbah Treasurer Phillip Hepburn and Council’s Business Development Officer Vanessa Rose are excited about plans to activate the Murwillumbah CBD.

With input from local businesses, schools, and community groups, the project will focus on revitalising key areas, including Murwillumbah Street, Proudfoots Lane, and Wollumbin Street. Public feedback is essential for developing a plan that reflects the needs and values of the community.

Tweed Shire Council’s Program Leader for Destination and Industry Development, Nicole Manderson, praised the initiative. “It’s fantastic to see business leaders in Murwillumbah committed to better activating the CBD, and we are working closely to support their efforts,” Manderson said.

Get Involved

Residents can contribute ideas and feedback through a variety of channels:

  • Online Survey: Share your thoughts by completing the survey by Monday, 7 October 2024.
  • Pop-up Stalls: Visit stalls at Sunnyside Mall, Murwillumbah Farmers Market, or Murwillumbah Street between Tuesday, 24 September, and Thursday, 26 September 2024.
  • Free ‘Walkshops’: Dive deeper into the town’s spaces and share improvement ideas during scheduled walkshops on the same dates.

For more information or to participate, visit here.

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Australia’s August Unemployment Drops to 9.1% with Part-Time Job Surge

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August Unemployment
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Australia’s August Unemployment Drops to 9.1% with Part-Time Job Surge

 

In August 2024, Australia’s ‘real’ unemployment rate decreased by 1%, dropping to 9.1% of the workforce, following a significant rise in part-time employment. The unemployment count fell by 174,000 to 1,423,000. This reduction was driven by an increase of 136,000 part-time jobs, bringing total part-time employment to 4,901,000, while full-time employment remained steady at 9,387,000.

Overall employment rose by 133,000 to 14,288,000 in August, reflecting growth in part-time jobs. Fewer Australians were looking for both full-time and part-time work, contributing to the decline in unemployment.

Roy Morgan August Unemployment & Under-employment (2019-2024)

Roy Morgan Unemployment & Under-employment (2019-2024)
Source: Roy Morgan Single Source January 2019 – August 2024. Average monthly interviews 5,000.
Note: Roy Morgan unemployment estimates are actual data while the ABS estimates are seasonally adjusted.

Labour Market Trends

Roy Morgan’s unemployment estimates, based on a national survey of Australians aged 14 and above, classified anyone seeking work as unemployed. The ‘real’ unemployment rate is calculated as a percentage of the total workforce, both employed and unemployed.

Despite the improvement in employment figures, the combined unemployment and under-employment rate still stands at 18.6%, affecting 2.92 million Australians. The under-employed, those working part-time but seeking more work, represented 9.5% of the workforce.

Michele Levine, CEO of Roy Morgan, highlighted that the surge in part-time jobs drove the drop in unemployment, while the rapidly growing workforce—up by 377,000 over the past year—has been a key factor in the country’s employment growth.

The ABS comparison puts Roy Morgan’s 9.1% unemployment figure well above the ABS estimate of 4.2% for July. However, when combined with under-employment, the ABS figure reaches a comparable 10.5%.

Roy Morgan August Unemployed and ‘Under-employed’* Estimates

Roy Morgan Unemployed and ‘Under-employed’* Estimates

Impact and Challenges

While the job market has made strides in absorbing the growing workforce, the high level of labour under-utilisation remains a challenge. Addressing the persistent issue of unemployment and under-employment will continue to be a priority for the Australian government.

 

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ITECA Releases Its Student-Centric Blueprint For The Next Australian Parliament

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Troy Williams ITECA
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ITECA Releases Its Student-Centric Blueprint For The Next Australian Parliament

 

The Independent Tertiary Education Council Australia (ITECA) has unveiled a policy reform agenda aimed at putting students at the forefront of skills training and higher education in the lead-up to the next federal election. The blueprint, described as student-centric, challenges the current institution-focused policies, which ITECA argues are failing students, businesses, taxpayers, and the nation.

Key Points:

  • Call for Reform: ITECA criticises the current government’s preference for public institutions like TAFE colleges and universities, which they believe creates significant barriers to accessing quality tertiary education. They argue that this approach disproportionately affects students who choose independent Registered Training Organisations (RTOs) or higher education institutions, leaving them without sufficient government support.
  • Student-Centric Focus: The manifesto emphasises the need for reforms that prioritise students’ needs and choices, advocating for a system that allows students to select the provider—whether independent or public—that best aligns with their personal and professional goals.
  • Equity and Access: ITECA’s blueprint calls for eliminating discrimination against students who choose independent RTOs or higher education providers. The organisation believes that government policies should ensure a fair and equitable playing field for all tertiary education providers, supporting students’ informed decisions.
  • Advocacy and Vision: ITECA’s approach is driven by its members, who are committed to advocating for a tertiary education system that better supports students and creates a more balanced and fair educational landscape.

ITECA’s election manifesto is part of their broader vision for a student-focused tertiary education system in Australia.

For more details on the manifesto and ITECA’s policy recommendations, you can visit their website here.

 

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