Greens propose $10m fines for excessive supermarket pricing

The Green Party is putting forward a member's bill — a type of private bill drawn by ballot — that would cap supermarket prices relative to supply costs plus a fair margin. Breaches could draw fines of up to $10 million. Co-leader Chlöe Swarbrick cited daily supermarket profits exceeding $1 million and urged the coalition to pass it before Parliament rises. Members' bills require cross-party support to advance.