Bandt says Greens policy ‘adopted’ by Albanese – as it happened

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Bandt says ‘another day, another Greens policy adopted’ by Albanese after Labor’s price-gouging pledge

The Greens leader, Adam Bandt, says he was getting ready to go for a run on Sunday morning when he heard Labor was adopting a plan to outlaw price gouging by supermarkets – and he was happy about it.

Another day and another Greens policy that the prime minister has adopted. Their first step is to say no and then they adopt them. And we take that as a really good sign.

Bandt says the Greens have already introduced a bill to parliament that defines price gouging.

It’s about when these supermarkets are abusing their power and ripping off customers. That’s basically what it boils down to. And other countries have laws that can that say really clearly when supermarkets are just abusing their power and ripping off customers, then they should be fined for it.

The Greens leader says that any fine should “depend on the size of how much they’re ripping people off”.

These supermarkets are making billions of dollars of profits. The fines do need to be high to make sure that the supermarkets listen. But even more than that, what the Greens want to see is the supermarkets know that they could be broken up as well if they keep on abusing shoppers and abusing their market power, that’s where the penalty should be.

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Key events

What we learned: Sunday 30 March

And that’s where we’ll leave you tonight, and for this week. Here’s a snippet of what we learned today:

  • Anthony Albanese promised that a re-elected Labor government would make price-gouging illegal in Australia, promising heavy fines where supermarkets step out of line.

  • The Greens leader, Adam Bandt, says Labor has been copying Greens’ policy with its announcement.

  • The supermarket giants have pushed back against Labor’s pledge on price gouging, saying the ACCC’s inquiry had not concluded they were engaging in the practice.

  • Shadow home affairs minister James Paterson said the Coalition would also support a ban on price gouging, saying “we’re happy to make it illegal”, while Peter Dutton attacked Anthony Albanese as being “weak as water” on the issue.

  • Albanese says his government has “been continuing to engage constructively with the US administration” on the tariffs issue.

  • Labor has lifted its electoral fortunes but remains set to fall one seat short of a majority government, according to a new YouGov poll.

  • Dutton refused to commit to Australia hosting a future COP on the issue of climate change, saying Australia can’t afford it right now.

  • Greenpeace responded to Dutton’s comments ruling out a Cop, saying it’s a “betrayal of the Pacific”.

  • The Reserve Bank is expected to leave rates on hold at its next meeting despite the expected negative impact of more US tariffs on Australia’s economic growth.

  • A series of flood warnings remain in place on Sunday for vast areas of Queensland and NSW after days of rain, while WA residents are urged to remain alert as ex-Tropical Cyclone Diane moves inland bringing heavy rainfall.

  • A search continues for an elderly man washed into flood waters after he drove a caravan into a flooded causeway.

See you back here again, bright and early tomorrow morning, for more live news. Look after yourselves until then.

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