The New Zealand food trade body has welcomed the government’s new Grocery Code of Conduct, calling it a ‘long-awaited’ result – but stressed that a thorough examination of the details and industry education are now key to ensure it fulfils its purpose.
New supply code prohibits abuse of power by supermarkets over suppliers Supermarket duopoly must pay on time and treat suppliers fairly Penalties include the greater of 3% of turnover or $3 million for breaches of new code Grocery Commission to act as watchdog to enforce new rules Big supermarket chains face stiff fines for not treating small suppliers fairly, thanks to the Labour Government's new Grocery Code of Conduct, says Commerce and Consumer Affairs Minister Duncan Webb. "The big supermarket chains have not been treating local suppliers fairly - they have been taking advantage of their dominance and imposing unreasonable terms and conditions. We are calling time on their poor behaviour," Duncan Webb said in launching the code in Christchurch today. "The new code requires large corporates to do things like pay on time, have plain-English supply contracts and deal with small companies in good faith. "It's entirely reasonable and hardly too much to ask.
New supply code prohibits abuse of power by supermarkets over suppliers Supermarket duopoly must pay on time and treat suppliers fairly Penalties include the greater of 3% of turnover or $3 million for breaches of new code Grocery Commission to act .
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