{"id":770957,"date":"2026-07-01T00:11:16","date_gmt":"2026-07-01T00:11:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/770957\/"},"modified":"2026-07-01T00:11:16","modified_gmt":"2026-07-01T00:11:16","slug":"australia-news-live-july-1-eofy-changes-begin-sydney-melbourne-house-prices-fall-trump-birthright-citizenship-bid-struck-down-by-us-supreme-court","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/770957\/","title":{"rendered":"Australia news LIVE: July 1 EOFY changes begin; Sydney, Melbourne house prices fall; Trump birthright citizenship bid struck down by US Supreme Court"},"content":{"rendered":"<p>The competition watchdog has rebuffed Coles\u2019 attempt to acquire a vacant site in regional Australia because it would \u201csubstantially\u201d lessen supermarket competition in the area.<\/p>\n<p>The Australian Competition and Consumer Commission said Coles would effectively push out an independent supermarket, and potentially its properties or assets, if Coles were to set up a full-sized supermarket and liquor store in Kalgoorlie-Boulder, Western Australia. The region currently has four supermarkets: a Woolworths, two independent stores, two smaller independent supermarkets, and an existing full-sized Coles.<\/p>\n<p><img decoding=\"async\" alt=\"Coles has been blocked by the ACCC.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/0b5e7ee7801dbd60edba0f828df0e898a66963e1.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>Coles has been blocked by the ACCC.Oscar Colman<\/p>\n<p>\u201cWe found that while a new Coles supermarket will offer benefits to some consumers, there is a real prospect that the acquisition would lead to the exit of an effective independent competitor, and its assets leaving the market,\u201d said ACCC deputy chair Mick Keogh.<\/p>\n<p>\u201cNew entry would not be timely enough and sufficient to offset the loss of competition likely to result from the acquisition.\u201d<\/p>\n<p>Independent supermarkets are an important constraint to the major chains, Keogh added.<\/p>\n<p>\u201cBased on our assessment of all of the material before us, we are satisfied that there is a real commercial likelihood that Coles\u2019 proposed acquisition would substantially lessen competition in Kalgoorlie in the longer term, to the overall detriment of consumers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The competition watchdog has rebuffed Coles\u2019 attempt to acquire a vacant site in regional Australia because it would&hellip;\n","protected":false},"author":2,"featured_media":770958,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-770957","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/770957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=770957"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/770957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/770958"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=770957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=770957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=770957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}