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ACCC says it will ‘name and shame’ businesses price gouging rapid antigen tests
The Australian Competition and Consumer Commission has set up a team to look into the soaring price of rapid antigen tests after receiving more than 100 complaints about the issue, chair Rod Sims says.
It comes after increasing pressure on the Morrison government over RAT prices, which have surged amid an explosion in Covid cases caused by the Omicron wave and as governments restrict the availability of polymerase chain reaction tests. The government has so far rebuffed calls to make the tests free.
In a statement, Sims said the ACCC “won’t be shy to name and shame suppliers and retailers we consider to be doing the wrong thing”.
Its ability to take other direct action is limited because there is no commonwealth law regulating prices. However, the ACCC could take suppliers to court if there was evidence of collusion on price or prices were so high as to be unconscionable.
Sims said the ACCC “will take appropriate action under its existing powers” and “has not sought, and does not need, more powers to deal with the current situation”.
He said: “We are seeking information from suppliers about their costs and the current pricing of rapid antigen tests. We are also asking them about their current stock levels, and the amounts on order, and about their expectations about when additional tests may become readily available to consumers.
“We are also contacting major retailers and pharmacies seeking similar information and reminding them that they need to be able to substantiate any claims they make to consumers about the reason for higher prices.”
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Northern Territory records 75 new Covid cases
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Pharmacists join calls for Morrison government to make rapid antigen tests free
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South Australia records 3,246 new Covid cases
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