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Coles and Woolworths are currently fighting two main battles: they're currently subject to a parliamentary inquiry, and are at the centre of a court case brought by the Australian Competition & Consumer Commission. Subscribe to Guardian Australia on YouTube and hit the bell to see new videos ► http://bit.ly/gdnaustraliasubs Guardian Australia's senior business reporter, Jonathan Barrett, explains what the competition regulator is alleging, how the supermarkets are defending themselves and what it could mean for Australian consumers. Coles and Woolworths claim Strepsils and Oreos price promotions ‘not illusory’ in new court documents ► https://www.theguardian.com/australia... Profit margins at Coles and Woolworths were in line with major overseas supermarkets in 2008. Now they’re the highest in the world ► https://www.theguardian.com/australia... Follow the Australia news live blog for the latest updates ► https://www.theguardian.com/australia... Support the Guardian ► https://support.theguardian.com/contr... Website ► https://theguardian.com/au Facebook ► / theguardianaustralia Instagram ► / guardianaustralia Twitter ► / guardianaus TikTok ► / guardianaustralia LinkedIn ► / guardianaustralia Subscribe to the Guardian's other YouTube channels: The Guardian ► https://bit.ly/guardiannewssubs Guardian News ► https://bit.ly/guardiannewssubs Guardian Football ► https://bit.ly/gdnfootballsubs Guardian Sport ► https://bit.ly/gdnsportsubs Guardian Live ► https://bit.ly/guardianlivesubs #coles #woolworths #discounts #competition #guardianaustralia #news #breakingnews #theguardian