Food and Grocery Code Committee
The Committee was instrumental in drafting the Food and Grocery Code, which established a clear set of principles relating to key aspects of trading relationships between retailers and suppliers and will provide greater certainty and clarity about dealings in the industry.
The Competition and Consumer Regulation 2015 - the Food and Grocery Industry Code of Conduct, is a legally enforceable, voluntary prescribed code under the Competition and Consumer Act.
The Code aims to deliver more contractual certainty in trading relations between suppliers and supermarkets, encourage the better sharing of risk and reduce inappropriate use of market power across the value chain.
The Code sets out clear obligations to endure key elements of Grocery Supply Agreements are discussed and agreed up front. It does not seek to impose overly restrictive rules on commercial negotiations, but rather provides commercial flexibility within a set framework of requirements and controls on behaviour.
An important component of the Code is the dispute resolution provisions. A number of options will be available for suppliers' including; a retailer's complaints process; mediation/arbitration; legal avenues; or ACCC.
To access the Food and Grocery Code of Conduct on the ACCC website, please click here.
Find out more, please click here.
Signatories to the Code include: