On 1 May 2014, the ACCC issued a draft determination proposing to allow the Australian Newsagents’ Federation (ANF) to negotiate on behalf of its members with suppliers.
ANF represents almost 2000 newsagents around Australia which are often small, family-owned and operated businesses. Importantly, participation in the collective bargaining arrangements will be voluntary.
The ACCC’s draft determination proposes to grant conditional authorisation or 10 years. The ACCC considers that public benefits include:
- transaction cost savings;
- improved input into contracts; and
- improved retail competition by newsagents.