AUSTRALIA: Study revealed true cost of proposed labelling laws
If the new labelling laws get the green light, Australian consumers could find themselves paying up to 2% more for their weekly shop.The Australian Food and Grocery Council (AFGC) has expressed outrage that the "seriously flawed" proposals are still being considered, and CEO Mitchel Hooke commented that ANZFA was wrong in promoting the labelling legislation publicly before a governmental decision was made and without considering the businesses involved. "We [do not] dispute… matter of public health and safety. We are opposed to the mandatory labelling provisions which are likely to confuse, mislead and cost consumers unnecessarily," Hooke said.To fully assess the impact of new nutrient and ingredient labelling requirements, the AFGC commissioned a KPMG study, which has revealed that food and drinks companies across Australia and New Zealand can expect to face costs of up to A$400m, causing a 2% rise in the price of food. Taxpayers can also expect a A$15m burden for enforcement of the laws.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- How Tyson's new CEO plans to grow the meat group
- The key questions for digital strategists in 2017
- Nestle unveils process to cut sugar by 40%
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- Putin 'wants embargo to run as long as possible'
- McCormick to buy flavours business Enrico Giotti