The Australian government has introduced a new bill in parliament to enforce compliance with an industry code of conduct among major supermarket chains. This legislation aims to protect suppliers from potential mistreatment by imposing significant fines, potentially reaching into the billions of dollars, on those who fail to adhere to the established guidelines.

The government's commitment to ensuring fair trading practices within the retail sector, particularly in light of concerns regarding the power dynamics between large supermarkets and their suppliers, is highlighted by this move. The proposed fines are intended to deter any abusive practices that may undermine the integrity of supplier relationships.