NEWSAGENTS can now collectively bargain with NSW Lotteries over trading terms and business arrangements, the competition watchdog has ruled.
The Australian Competition and Consumer Commission (ACCC) today said it has granted full authorisation approval to the Newsagents Association of NSW & ACT (NANA) to collectively bargain with NSW Lotteries.
NANA represents around a third of newsagents (500) in NSW and the ACT which sell NSW Lotteries products.
The arrangement is voluntary and the authorisation will enable NANA to represent its member newsagents in collective bargaining with NSW Lotteries for 5 years, the ACCC said.
Collective bargaining refers to two or more competitors, typically small businesses, collectively negotiating terms and conditions with a supplier or customers.
NANA CEO Chiang Lim told AAP the ACCC approval was necessary following the sale of NSW Lotteries last year.
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