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Australia’s grocery giants support a mandatory code of conduct, but Woolworths wants global rivals like Amazon and Costco to be held to the same standards.
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Good afternoon,

Australia’s supermarket giants are supporting moves to make the food and grocery code of conduct mandatory for the country’s largest operators, but Woolworths wants the beefed up rules to be extended to other major retailers, including global heavyweights Amazon and Costco.

It’s the change to the frequent flyer program Qantas had to make. With widespread frustration among the program’s 15 million plus members at the difficulty in using hard-earned points, Qantas realised that to achieve high levels of engagement and therefore profits, it needed to act.

An unlikely coalition of public servants is making a last-ditch attempt to avoid being caught in the government’s new super tax for high earners, writes James Kirby.

The Australian sharemarket closed slightly higher, with most sectors finding support, led by technology and utilities. The ASX 200 rose 0.2 per cent to 7,789.1 points on Monday, despite the energy sector falling 1.2 per cent. The broader All Ordinaries gained 0.2 per cent at 8,044.9.

Perry Williams
Business editor

The Markets

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The Big Read

In our final days of life, few of us will be thinking, “I wish I had spent more time at work”. Any regret is likely to be centred around not spending enough time with family and not enjoying more of what life had to offer. Not enough travelling, not enough time with friends, not enough life achievements.

A financial and lifestyle strategy becoming popular among millennials is the FIRE movement, which stands for Financial Independence, Retire Early. The aim is to accumulate wealth quickly through a combination of frugal spending and prudent investing. And when you’ve accumulated enough, you stop working and live off the passive income from your investments well before the normal retirement age.

By James Gerrard

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Woolworths wants beefed up rules for global rivals
Australia’s grocery giants support a mandatory code of conduct, but Woolworths wants global rivals like Amazon and Costco to be held to the same standards.
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