Supermarket Senate Inquiry member Ross Caddell speaks on the roles governments and businesses both utilise when public interest and corporate profit margins clash.
Government’s role is to prevent supermarkets ‘using power to hurt consumers’
“I noticed the stock price of Woolworths fall 1 per cent while they were in the hearings today,” Nationals Senator Ross Caddell told Sky News Australia.
“They will work that – the job of a business is to make money and return to its investors.
“The job of a parliament is to make sure that is done in a way that is good for the rest of the community.
“We were looking up, are the returns too big? Are they using their power to hurt consumers and to hurt
producers and that is why we have got to stop.”
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