Competition and Consumer Amendment (Make Price Gouging Illegal) Bill 2024

The majority voted against a motion to agree with the main idea of the bill. In other words, they voted against giving it a second reading. This means the bill will no longer be considered further in parliament.

What does the bill do?

According to the bill homepage, the purpose of the bill is:

to prohibit a corporation with substantial market power from engaging in conduct that results in, or is likely to result in, an excessive price being charged for a good or service.