The Senate Select Committee on Supermarket Prices was appointed by resolution of the Senate on 6 December 2023, to inquire into and report on the price setting practices and market power of major supermarkets, with particular reference to:

1. the effect of market concentration and the exercise of corporate power on the price of food and groceries;
2. the pattern of price setting between the two major supermarket chains;
3. rising supermarket profits and the large increase in price of essential items;
4. the prevalence of opportunistic pricing, price mark-ups and discounts that are not discounts;
5. the contribution of home brand products to the concentration of corporate power;
6. the use of technology and automation to extract cost-savings from consumers and employees;
7. improvements to the regulatory framework to deliver lower prices for food and groceries;
8. frameworks to protect suppliers when interacting with the major supermarkets;
9. the role of multinational food companies in price inflation; and
10. any other related matters.

The committee is to present a final report by 7 May 2024.

The resolution establishing the Committee is available in the Journals of the Senate No. 93 – 6 December 2023.