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Wednesday, 29 April 1942

Senator KEANE - No refund was made to the Commonwealth Government by the Myer Emporium Limited, but the total amount estimated by the Prices Commissioner to have been overcharged by the company to the consuming public was £250,000. The firm has been declared, and officers of the Prices Commissioner have made arrangements which ensure that the prices charged for its commodities shall be adjusted until the amount of £250,000 has been made up by the company. However, there still remains a grave defect in the legislation relating to prices control in that it does not guarantee that the individuals who were originally overcharged shall be compensated. There is no certainty that they will receive any benefit from the refunds. This aspect of the matter is under consideration.

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