The Federal Government's recently launched competition policy review has set the scene for a bloody battle over the increasing market dominance of supermarket giants Coles and Woolworths.
Among the proposals is one to beef up competition law by introducing an "effects test", which would enable regulators to take strong action if strategies of the big supermarkets have the effect of killing smaller competitors - even if the retail giants claim their actions were innocent.
Independent supermarkets say at the rate Coles and Woolworths are expanding, smaller competitors will become extinct unless action is taken.
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