VIC Coles 29. 06. 16 ~ 05. 07. 16

2

$

50 ea

SAVE $2.50 WAS $5

Cadbury Family Block 180g-200g

1

$

1/2 PRICE

2

$

99 ea

SAVE $3 WAS $5.99

Lynx Deodorant Body Spray 96g-100g

1

$ 42

ea

SAVE $1

ea

SAVE $1.43

WAS $2

WAS $2.85

John West Tuna Tempters 95g $10.53 per kg

Coca-Cola, Fanta or Sprite Soft Drink 1.25 Litre $1.14 per litre

d4k Coles RSPCA Approved Whole Chicken From the Meat department

WAS $4.70kg JUNE 2016 On sale Wed 29th June to Tue 5th July 2016. See page 18 for details.

FP-VIC-METRO-2906-16-530627

1/2 PRICE 2

$

6

$

ea

SAVE $6 WAS $12

Cadbury Boxed Favourites or Mini Blocks Chocolate 320g $1.88 per 100g

1

84

$ 90

ea

SAVE $2.85

SAVE $1.90

WAS $5.69

WAS $3.80

Ocean Spray Fruit Drink 1.5 Litre $1.89 per litre

Any

2 for

3

$

Cheezels Cheese Snacks 110g or Jumpy’s Chicken Snacks 100g

6

$

Arnott’s Cheds Crackers 250g $0.76 per 100g

3

2 for

$

$

ea

SAVE $1

70 ea

Coles Natural Spring Water 24x600mL $0.47 per litre

ea

SAVE 1.30 $ WAS $4.30

6

SAVE $2

Red Rock Deli Potato Chips 165g $1.82 per 100g

Golden Circle Cordial 2 Litre $1.50 per litre

70

¢

ea

Coles Natural Spring Water 1.5 Litre $0.47 per litre

2 LH-VIC-METRO-2906-16-530627

a

2

$

25 ea

SAVE $2.25 WAS $4.50

Tyrrell’s English Crisps 165g $1.36 per 100g

$

1/2 PRICE

1

$ 05 SAVE $1.05 WAS $2.10

Samboy Chips 90g $1.17 per 100g

5

5

$

ea

SAVE $5

ea

WAS $10.95

Cadbury Dairy Milk Gift Box Chocolate 175g $2.86 per 100g

14

47

SAVE $5.48

WAS $10

$

ea

Mother Energy Drink 4x500mL $2.74 per litre

Any ea

SAVE $5.80 WAS $19.80

Pepsi, Solo or Schweppes Soft Drink 24x375mL $1.56 per litre

RH-VIC-METRO-2906-16-530627

2 for

5

$

$

20

ea

SAVE $14.45

SAVE $1.28

WAS $34.45

Golden Circle Fruit Juice 2 Litre or Fruit Drink 6x250mL or Smith’s Potato Chips 6 Pack 114g Excludes Golden Circle Pineapple 6x250mL

Coca-Cola Soft Drink 30x375mL $1.78 per litre

Too busy to get to the shops? Shop online at

.com.au 3

SPECIALS

1

2 for

$

3

$

ea

SAVE 25¢

SAVE $1.40

WAS $1.25

Schweppes Mineral Water or Mixers 1.25 Litre $1.20 per litre

3

$

Frantelle Natural Spring Water 1.5 Litre $0.67 per litre

SAVE $

WAS $4.40

Pop Tops Fruit & Veg Juice 4x250mL $3.00 per litre

2 for

$

3

SAVE $1.40 Schweppes Traditional Soft Drink 1.25 Litre $1.20 per litre ADVERTISER PROMOTION

0 4

0

ADVERTISER PROMOTION LH-VIC-METRO-2906-16-530627

8

$

ea

SAVE $4.30 WAS $12.30

Coca-Cola, Fanta or Sprite Soft Drink 10x375mL $2.13 per litre

Any

5

$

6

$

SAVE $1.40

ea

SAVE $1.50 WAS $7.50

Hooplas Potato Snacks 125g or CC’s Corn Chips 175g

Coca-Cola Soft Drink 6x300mL or Cascade Mini Mixers 8x200mL

3

2 for

2

2

$

$

ea

$ ea

SAVE 1

SAVE 1

Lindt Lindor or Creation Block Chocolate 100g $3.00 per 100g

3

$

ea

Coles Salted Peanuts 375g $8.00 per kg

ea

SAVE 1.10

$ WAS $3

$ WAS $4

$ WAS $3.10

Allen’s Medium Bags 150g-200g

Pepsi or Solo Soft Drink 2 Litre $1.00 per litre

10

$

ea

Coles Soft Drink Variety Pack 24x375mL $1.11 per litre 5

RH-VIC-METRO-2906-16-530627

1/2 PRICE NEW NEW

2

$

50 ea

SAVE $2.50 WAS $5

Cadbury Tropical Pineapple or Apple Crumble Family Block 190g-200g

ADVERTISER PROMOTION

0 6

0

ADVERTISER PROMOTION LH-VIC-METRO-2906-16-530627

Any

2 for

5

$

SAVE $2.30

2

2

3

$

$

ea

SAVE $1.45

$ ea

ea

WAS $3.45

Prima Fruit Drink 6x200mL $1.67 per litre

$

Arnott’s Family Assorted Biscuits 500g

2

5

$

$ ea

ea

SAVE 1.80 $ WAS $3.80

Recharge

customer? Pick up a $2 SIM in store today

Offer also includes prepaid mobile broadband. Offer is subject to change. 20% off applies to purchase price only. Not available in conjunction with any other offer.

Limit of 3 per customer. Vodafone Pty Ltd ABN 76 062 954 554.

Too busy to get to the shops? Shop online at

2

$

2

50

$

ea

SAVE 80¢ WAS $3.30

Campbell’s Real Soup Base 1 Litre $0.25 per 100mL

2 for

$

4

$ ea

SAVE 80

¢

SAVE $1.10

WAS $2.80

Barilla La Collezione Pasta 500g $0.40 per 100g

2

$

ea

$2.50 SAVE WAS $5

KanTong Cooking Sauce 485g-520g

2

50

1/2 PRICE

45

SAVE $2.45 WAS $4.90

Gravox Liquid Gravy or Finishing Sauce 165g $1.21 per 100g

Spam Ham 340g $7.21 per kg

8 ADVERTISER PROMOTION LH-VIC-METRO-2906-16-530627

1

1/2 PRICE

$ 97 ea

$1.98 SAVE WAS $3.95

Sirena Bruschetta Tuna with Crackers 90g $21.89 per kg

1

9

$

$ 75 ea

ea

SAVE $9

SAVE 44¢

WAS $18

WAS $2.19

MasterFoods Recipe Base 170g-175g

$

2

50 ea

SAVE $1.19 WAS $3.69

MasterFoods Simmer or Cooking Sauce 490g-510g

RH-VIC-METRO-2906-16-530627

Alfa One Rice Bran Oil 3 Litre $0.30 per 100mL

2 for

3

$

SAVE $1.98 Heinz Creationz 420g $0.36 per 100g

2

4

$

$

ea

SAVE 65¢ WAS $2.65

Green’s Traditional Cake Mix 340g-470g or Pancake Shake 300g-375g

ea

SAVE $1 WAS $5

White Wings Cake Mix 230g-570g

Too busy to get to the shops? Shop online at

9

.com.au 9

1/2 PRICE 3

$

3

$

ea

SAVE 95¢ WAS $3.95

Maggi 2 Minute Noodles 5 Pack 335g-380g Excludes Fusion

2

$

25 ea

$3.25 SAVE WAS $6.50

SAVE 99¢ WAS $2.99

Old El Paso Soft Taco Kit 405g $0.80 per 100g

1

$

ea

SAVE 1.10

50 ea

SAVE 1.29

$ WAS $2.20

$ WAS $3.79

Campbell’s Simply Soup 500g or Fully Loaded Soup 505g

Heinz Big Red 420g $0.26 per 100g

2

Continental Value Pack Pasta & Sauce 135g-190g or Gourmet Pasta, Rice or Risotto 90g-115g

2

$ 10

$

ea

2 for

5

$

SAVE $1.58 Uncle Ben’s Microwave Rice 250g-300g

9

$

ea

SAVE 3.99 $ WAS $12.99

Cobram Estate Olive Oil 750mL $1.20 per 100mL

7

$ ea

Coles Liquid Stock 1 Litre $0.20 per 100mL 10

Coles Olive Oil 1 Litre $0.70 per 100mL LH-VIC-METRO-2906-16-530627

1/2 PRICE

2 for

3

$

SAVE $1.58 John West Salmon Tempters 95g $15.79 per kg

2 for

90

5

¢

$

ea

SAVE 90¢

SAVE $1.40

WAS $1.80

Nestlé Sweetened Condensed Milk 395g or 400g or Carnation Cooking Cream 300mL

$

2

50 ea

SAVE $1.29 WAS $3.79

Dolmio Pasta Bake 490g-505g

$

2

50 ea

2 for

4

$

SAVE $2.58 Campbell’s Country Ladle or Chunky Soup 495g-505g

Golden Circle Beetroot Slices 450g $2.00 per kg

3

$

3

$

ea

SAVE $1.59 WAS $4.59

Kellogg’s Coco Pops 375g, Special K 300g or Nutri-Grain 290g

75 ea

$3.75 SAVE WAS $7.50

Pic’s Really Good Peanut Butter 380g $0.99 per 100g

6

$

ea

WAS $2.99 MAR 2016

SunRice 90 Second Pouch or Quick Cups 240g-250g

Coles Red Salmon 415g $14.46 per kg 11

RH-VIC-METRO-2906-16-530627

20

$

ea

SAVE $5 WAS $25

USN Diet Whey Ultralean Chocolate 450g $4.44 per 100g

4

$

20

ea

$

SAVE $1.59

ea

SAVE $9.30

WAS $5.59

WAS $29.30

Kellogg’s All Bran 530g or Just Right 460g

1

Celebrity Slim 5 Day Variety Pack 550g $3.64 per 100g

3

$ 60

$

ea

SAVE 72

$

50 ea

SAVE 1.49 $ WAS $6.49

$ WAS $5

WAS $2.32

Golden Days Sesame Snaps 3 Pack $1.33 per 100g

9

$

ea

Moccona Café Classic 20 Pack 280g-300g 12

5

ea

SAVE 1.50

¢

Thomas Chipman Kale & Spirulina 200g $1.75 per 100g

$

Hubbards Amazing Muesli 550g-590g

10

Douwe Egberts Coffee 500g $2.00 per 100g LH-VIC-METRO-2906-16-530627

4

$

50 ea

SAVE $1.50 WAS $6

L’OR Espresso Capsules 10 Pack 52g $8.65 per 100g

$

3

$

SAVE 1

WAS $15

$ WAS $4

Nestlé Milo Snack Bars 160g $1.88 per 100g

4

$

ea

SAVE $1 WAS $5

Nestlé Milo 1.25kg $0.88 per 100g

3

$

ea

SAVE $1.79 WAS $4.79

Bonne Maman Jam 370g $1.08 per 100g

4

ea

SAVE $4

ea

$

11

40 ea

Jarrah Coffee 180g-250g

Lipton Green Tea 50 Pack, Flavoured Green Tea 40 Pack or Herbal Tea 40 Pack

3

$

50 ea

SAVE 96¢ WAS $4.46

Sanitarium Weet-Bix 500g-510g

2

$

2

$

ea

SAVE $1 WAS $3

Almond Breeze Unsweetened Long Life Milk 1 Litre $2.00 per litre

30 ea

Coles Fruit Snack Cups 4 Pack $4.60 per kg 13

RH-VIC-METRO-2906-16-530627

2 for

4

$

SAVE $2 Twinings Tea Bags 10 Pack 10g-25g

$

11

3

ea

$

SAVE $6.99

ea

SAVE $1.79

WAS $17.99

WAS $4.79

Nescafé Gold 190g-200g

Nature Valley Bars 210g $1.43 per 100g

2

$

25 ea

SAVE $1.05 WAS $3.30

Vitasoy Calci-Plus Soy Long Life Milk 1 Litre $2.25 per litre

5

$

50 ea

Uncle Tobys Oats 1kg $0.55 per 100g 14

20

$

ea

SAVE $

WAS $30.99

Vittoria Espresso Coffee Beans or Ground 1kg $2.00 per 100g

2

$

40 ea

3

$

ea

SAVE $1.09 WAS $3.49

Musashi P30 Protein Drink Iced Chocolate 375mL $6.40 per litre

SAVE 99¢ WAS $3.99

Kellogg’s LCMs 132g-138g, Nutri-Grain Bars 144g or Be Natural Bars 192g

5

$

ea

Devondale Long Life Milk 4x1 Litre $1.25 per litre LH-VIC-METRO-2906-16-530627

4

$

ea

SAVE $4 WAS $8

Four ‘N Twenty Classic Meat Pies 4 Pack 700g $0.57 per 100g

$

4

1/2 PRICE

$

ea

SAVE $7 WAS $14

Ho Mai Yum Cha Entertainer Pack 56 Pieces 1kg $0.70 per 100g

50

$

ea

SAVE $4.50

ea

SAVE $2 WAS $7

McCain Ultra Thin Pizza 310g-320g RH-VIC-METRO-2906-16-530627

ea

WAS $5.65

Pacific West Salt & Pepper Squid 360g $12.50 per kg

5

2

82

SAVE $2.83

WAS $9

$

7

Creative Gourmet Fruit 300g $9.40 per kg

5

$

ea

SAVE $4 WAS $9

On The Menu Beef Lasagne 1kg $0.50 per 100g

$

5

ea

SAVE $2.99 WAS $7.99

Peters Skinny Cow 440mL-680mL

Too busy to get to the shops? Shop online at

.com.au 15

3

$

ea

SAVE $1.70 WAS $4.70

5

Birds Eye Baby Peas 1kg $3.00 per kg

$

$

ea

SAVE $1.79

ea

SAVE 4.50

WAS $6.79

$ WAS $11.50

Weis Bars 4 Pack-8 Pack or Sorbet or Yoghurt 1 Litre

5

$

ea

SAVE 2 $ WAS $7

Streets Paddle Pop 10 Pack-12 Pack

2

$

50 ea

Coles Frozen Puff Pastry 1kg $0.25 per 100g 16

7

Tassal Easy Bake Premium Atlantic Salmon 2 Pack 260g $26.92 per kg

4

6

$

$

ea

ea

SAVE 1

SAVE 1.99

$ WAS $5

$ WAS $7.99

Birds Eye Scalloped Potatoes 600g $6.67 per kg

Connoisseur 4 Pack-6 Pack 360mL-455mL

3

$

ea

Coles Frozen Carrots, Peas & Corn 1kg $3.00 per kg LH-VIC-METRO-2906-16-530627

1/2 PRICE

5

$

ea

SAVE $1.99 WAS $6.99

Streets Golden Gaytime 1.25 Litre $0.40 per 100mL

$

7

ea

SAVE $2.49 WAS $9.49

Peters Original 4 Litre $0.18 per 100mL

2

$

84 ea

SAVE $2.85 WAS $5.69

2

$

Nanna’s Apple Pies 450g-600g

50 ea

SAVE $1.19 WAS $3.69

Birds Eye Deli Chips 600g $4.17 per kg

5

$

6

$

ea

SAVE 1.49 $ WAS $6.49

On The Menu Plated Meals 320g $1.56 per 100g

4

$

ea

Coles Frozen Fruit 300g-500g

9

$

ea

SAVE 2

ea

SAVE 4.50

$ WAS $8

$ WAS $13.50

Steggles Chicken Breast Kiev Garlic 350g $17.14 per kg

Sargents Party Pack Pies & Sausage Rolls 36 Pack 1.2kg $0.75 per 100g

3

$

Coles Frozen Cheesecake or Bavarian 450g $0.67 per 100g 17

RH-VIC-METRO-2906-16-530627

2

$

99

$3 SAVE WAS $5.99

Nanna’s Crumble 550g $0.54 per 100g

6

$

5

$

ea

SAVE $1.99

ea

SAVE $1.89

WAS $7.99

WAS $6.89

Peters Light & Creamy 1.8 Litre $0.28 per 100mL

Peters Drumstick Ice Cream 4 Pack or 6 Pack

2

$

50 ea

$2.50 SAVE WAS $5

Hong Kong Dim Sim Kitchen Pork & Chive Dumpling 200g $1.25 per 100g

2

$

50 ea

SAVE $1.30 WAS $3.80

Birds Eye Steam Fresh Vegetables 450g $5.56 per kg

2

$

ea

SAVE $1 WAS $3

On The Menu Meal 260g $0.77 per 100g

On Sale Wednesday 29th June until Tuesday 5th July 2016 or until Tuesday 12th July where indicated.

Selected specials commenced Wednesday 22nd June.

18

Promotional prices commence 7am Wednesday. Promotional prices not available at Coles Express (unless otherwise indicated) or Coles Melbourne CBD. Some promotional prices may not be available at coles.com.au, Coles Berwick Central, Coles Casey Central, Coles Coburg North or Coles Clyde North. We reserve the right to limit sale quantities. Some products or varieties may not be available at all stores. While stocks last. Savings, single sell prices and unit prices shown are off Victorian regular selling prices. Some advertised products may already be priced below the Victorian selling price. Savings and unit prices may therefore vary. Promotional prices may extend beyond the advertised date. Multi Save price only available when purchased in the multiples specified.

LH-VIC-METRO-2906-16-530627

AUSSIE MUSHROOMS

d2 stp Australian Cup, Sliced Cup or Button Mushrooms 200g Pack $12.50 per kg

3

$

2

50

$

kg

Australian Ruby Red Grapefruit

3

$

Australian Minneola Tangelos

RH-VIC-METRO-2906-16-530627

bag

Australian Royal Gala Apples 1kg Bag $2.50 per kg

2

$ kg

50

3

$ ea

Australian Baby Broccoli Bunch

pk

Coles Australian Soup Pack 1kg $3.00 per kg

Too busy to get to the shops? Shop online at

.com.au 19

WHOLE CHICKEN

d4k WAS $4.70kg JUNE 2016 Coles RSPCA Approved Whole Chicken From the Meat department

COQ AU VIN

Serves

4-6 25 1 25 mins

2.5kg Coles RSPCA Approved Whole Chicken cut into 8 pieces 1½ tbsp olive oil 150g bacon rashers coarsely chopped 2 celery sticks chopped 1 large carrot peeled chopped 6 shallots peeled 200g cup mushrooms quartered 3 cloves garlic crushed Ÿ cup (35g) plain flour 2 cups (500ml) red wine 1 cup (250ml) chicken stock 6 sprigs thyme 2 tbsp finely chopped flat-leaf parsley Mashed potato to serve Steamed green beans to serve

Cook Time

Prep Time

hr

mins

1. Heat half the oil in a large heavy-based casserole dish over medium-high heat.

Season chicken. Cook in batches for 5 mins or until browned.

Transfer to a plate.

2. Heat remaining oil in the same pan over medium heat. Add the bacon, celery and carrot and cook for 5 mins or until softened. Add shallots, mushroom and garlic. Cook for a further 5 mins or until mushrooms and shallots are golden. Add flour. Cook for 2 mins. Gradually add wine and stock, stirring to combine. Return chicken to the pan with thyme and cook for 1 hour or until chicken is cooked through and sauce thickens.

3. Remove and discard thyme sprigs.

Add parsley and stir to combine.

Serve chicken on mash with beans.

Drizzle with the sauce.

20 LH-VIC-METRO-2906-16-530627

LAMB SHOULDER ROAS T

d8k

WAS $10kg SAVE $2kg Coles Australian Lamb Shoulder Roast

9

$

kg

SAVE $2kg WAS $11kg

Coles Australian Pork Leg Roast Boneless

8

$

pk

$

36

kg

SAVE $9kg WAS $45kg

Coles Australian Beef Eye Fillet Steak

$

7

SAVE $1.50 WAS $8.50

Coles Australian Beef Mince 3 Star 1kg Pack $8.00 per kg RH-VIC-METRO-2906-16-530627

Coles Finest Sausages 500g $14.00 per kg. Gluten free

Too busy to get to the shops? Shop online at

21

.com.au 21

BASA FILLETS

d5tp k

A S C- C- 0 0 8 2 1

WAS $11kg SAVE $5.50kg

ASC Basa Fillets Thawed From the Deli

28

$

$

kg

WAS $35kg

kg

kg

Mediterranean Pitted Olive Mix or Antipasto Tuscan Mix From the Deli

Australian Jumbo Cooked Black Tiger Prawns Thawed From the Deli

16

PER 100g

$5kg SAVE WAS $23

SAVE $7kg

$

18

1

$ 80

1

$ 60

PER 100g

kg

$4kg SAVE WAS $20 kg

Primo Virginian Leg Ham From the Deli

$

20

kg

$6kg SAVE WAS $26 kg

Don Calabrese Salami From the Deli

2

$

PER 100g

2

$

40

SAVE 60¢ WAS $3

Don Kabana From the Deli

d8j 22

WAS $11 JAN 2016

Coles Family Hot Roast Chicken From the Deli LH-VIC-METRO-2906-16-530627

ADVERTISER PROMOTION

Key Ingredient

3

$

ea

SAVE $1.80 WAS $4.80

Pauls Double Thick Custard 900g $0.33 per 100g

2

2

$

$

ea

SAVE 75¢ WAS $2.75

Oak or Ice Break Flavoured Milk 500mL-600mL

1

$ 75 ea

SAVE 69¢

ea

WAS $2.69

Tamar Valley Yoghurt 170g $1.18 per 100g RH-VIC-METRO-2906-16-530627

Nestlé Ski Divine Yoghurt 2x150g $0.58 per 100g

Too busy to get to the shops? Shop online at

.com.au 23

2

$

ea

SAVE $1.60 WAS $3.60

Meadow Lea Spread 500g $0.40 per 100g

$

10

ea

$

SAVE $5

ea

SAVE $6.45

WAS $15

WAS $16.45

Ready Chef Lasagne 2kg $0.50 per 100g

8

$

ea

SAVE $3.25 WAS $11.25

Tasmanian Heritage Cheese 250g $32.00 per kg

$

5

10

Don Short Cut Bacon 1kg $10.00 per kg. From the Dairy department

3

$

$

ea

SAVE 95¢ WAS $3.95

Black Swan Crafted Dips 200g $1.50 per 100g

5

ea

SAVE $1.20 WAS $6.20

Primo Sliced Meat 200g $25.00 per kg.

From the Dairy department

7

$

$

5

ea

SAVE $2.50 WAS $7.50

Pitango Soup 600g $0.83 per 100g

50 ea

WAS $7.80 MAR 2016

Coles Pizza 470g $1.06 per 100g

Coles Tasty Cheese Block 1kg

24 LH-VIC-METRO-2906-16-530627

4

$

ea

SAVE $1 WAS $5

Devondale Blend Tub 500g $0.80 per 100g

5

$

5

$

ea

SAVE $1.99

ea

SAVE 1.80

WAS $6.99

$ WAS $6.80

Jalna Yoghourt 1kg $0.50 per 100g

Gippsland Twist Yogurt 720g $0.69 per 100g

5

$

ea

SAVE 1.70

5

$

ea

ea

SAVE 1.90

$ WAS $6.70

SAVE 1.69

$ WAS $9.90

Jarlsberg Swiss Cheese Slices 150g $33.33 per kg

2

8

$

$

$ WAS $6.69

Coon Tasty Cheese Block 1kg $8.00 per kg

Berri Australian Grown Juice 2 Litre $2.50 per litre

5

$ ea

Coles Dip 200g $1.00 per 100g

ea

Yoplait Flavoured Yoghurt 6x175g $0.48 per 100g 25

RH-VIC-METRO-2906-16-530627

5

$

Western Star Spreadable Traditional 500g $1.00 per 100g

SERVING SUGGESTION

4

$

Western Star Dairy Butter 500g $0.80 per 100g

ADVERTISER PROMOTION

26 LH-VIC-METRO-2906-16-530627

6 PACK ROLLS

d2s Coles Bakery Rolls 6 Pack Soft White, Wholemeal, Multigrain, Hot Dog, Hamburger, Vietnamese or Tiger $0.33 per roll.

Selected stores only

$

3

ea

SAVE $1.79 WAS $4.79

Mission Mini Wraps 8 Pack 384g $0.78 per 100g

3

$

40 ea

Abbott’s Village Bakery Bread 680g-850g RH-VIC-METRO-2906-16-530627

4

3

$

$

SAVE $1

ea

WAS $4

Coles Bakery Stone Baked Pane Di Casa 500g or Wholemeal Pane Di Casa 500g $0.60 per 100g. Selected stores only

2

$

Coles Cupcakes 6 Pack or 12 Pack 180g-260g

2

$ ea

Coles Bread 700g $0.29 per 100g

50 pk

Coles Bakery Rolls 3 Pack-4 Pack Selected stores only

Too busy to get to the shops? Shop online at

.com.au 27

8

$

ea

Premiere Frozen Desserts 800mL $1.00 per 100g. From the Freezer department

2

$

9

$

70 ea

Coles Traditional High Top Bread 680g-850g

4

$

ea

Coles Orange Juice 2 Litre $2.00 per litre. From the Dairy department

kg

Coles Australian RSPCA Approved Chicken Breast Fillets Large Pack From the Meat department

4

9

$

$

ea

Coles Cheese Block, Shredded or Sliced 250g $16.00 per kg. From the Dairy department

50 pk

WAS $10.90 MAY 2016

Coles RSPCA Approved Chicken Breast Schnitzel Plain or Herb & Garlic 600g $15.83 per kg. From the Meat department

28 LH-VIC-METRO-2906-16-530627

WWW.THEAUSTR ALIAN.COM.AU PAUL KELLY

I

THE HEART OF THE NATION

$2.50

JANET ALBRECHTSEN

Adult government anybody? No, this is adolescent chaos { P12 } BUSINESS A $22bn shopping centre giant is born

HOCKEY ADMITS ECONOMIC

CHRIS KENNY

Abbott may hand over the leadership. But don’t count on it { P12 }

BP’s shock $9bn Australian

CLOUDS MAKE BUDGET REPAIR

Why is the ABC pushing absurd Twitter conspiracy theories? { P12 }

gas writedown {P19} • PATRICK SMITH It’s madness

RBA’s growth warning as rates cut to new low

to abandon Michael Clarke

{P36}

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ECONOMICS EDITOR

DENNIS SHANAHAN

THE Reserve Bank has lost faith in the economy staging a recovery over the year ahead and is facing pressure from the government to follow up yesterday’s rate cut to a record low 2.25 per cent with further reductions.

Reserve Bank governor Glenn Stevens highlighted the institution’s concerns about continuing weak economic growth and rising numbers of jobless to explain its first interest rate cut since the election-eve 25-point reduction in August 2013.

“The bank’s assessment is that output growth will probably remain a little below trend for somewhat longer, and the rate of unemployment peak a little higher than earlier expected,” Mr Stevens said.

“The economy is likely to be operating with a degree of spare capacity for some time yet.”

The unexpected move by the Reserve Bank, which represents a halving of the official cash rate in a little over three years, had an immediate effect on financial markets, driving the dollar to a five-year low and stocks to a 6½year high on the expectation investors would pull money out of bank deposits and buy shares.

The sharemarket is now back to levels not seen since before the 2008 global financial crisis following yesterday’s 1.4 per cent gain, which took the S&P/ASX 200 Melbourne-based self-funded retiree Terry O’Callaghan, index to 5707.4 points.

Rate cut 79, says yesterday’s rate cut The Australian dollar dived was painful 2.30pm and would have ‘an immediate impact’ THE DOLLAR 2 per cent to a five-year low of THE S&P/ASX 200 AEDT $US US76.5c following the bank’s rate cut, which has made Australian RBA RATES INDEX 1.10 Seven-year securities less attractive to foreign 7000 high of investors.

6500 1.00 5707.4 points, Joe Hockey declared the rate up 82.1 cut “good news” for Australia Rate cut 6000 and called on business to “go out there, 0.90 2.30pm 5500 have a go, employ more AEDT Aus5000 tralians, because the costs of doing 0.80 business are down”.

4500 Six-year low Although Mr Stevens’s state0.70 4000 of US76.71c ment following yesterday’s RBA last night board meeting contained no 3500 hint 2am 6am 10am 2pm 6pm 0.60 of future interest rate decisions, 10am Midday 2pm 3000 the Treasurer urged the bank to follow up with further cuts.

“We obviously live in a lowinterest world. The majority of our trading partners, apart from China, have virtually zero interest rates. So the Reserve Bank does have more room to move,” Mr Hockey said, his office distributing a list showing 23 central banks WHAT IT MEANS TO YOU ANDREW MAIN have lower interest rates RACHEL BAXENDALE than Current New Australia. monthly monthly Loan sizes Mr Hockey admitted the fears repayments* repayments* Saving about slowing growth would $250,000 make $1396 $1357 $39 it more difficult to restore the $500,000 fed$2792 $2715 eral budget to surplus, but noted $77 $1,000,000 $5584 the rate cut would be worth $750 $5429 $155 a $2,000,000 year to someone with a $300,000 $11,168 $10,859 $309 mortgage.

Standard mortgage rates are expected to fall to their lowest level since July 1968.

Bank of Queensland immediately cut its standard variable rate home loan 0.25 percentage points

The price of privatisation? Cheaper

EXCLUSIVE

industry leaders including the chairman of Tony Abbott’s ANNABEL HEPWORTH commission of audit have urged RICK WALLACE continued privatisation.

The Ernst & Young research GOVERNMENTS must not give found that network charges — up on the privatisation of electricity assets, business and politi- which account for between 35 to 55 per cent of total residential cal figures have warned, elecas tricity bills — increased by 140 per consumers would lose out on the benefits of easing price pressure cent in Queensland and 122 per cent in NSW (between 1996-97 and a boost to efficiency. and 2012-13), where they Seizing on figures from a recent are study prepared for the NSW Baird government-owned.

As network prices are typically They fell in Victoria by 18 per government that showed reducbetween 35 to 55 per tions in real terms in network cent (1996-2013) and in South final bill, this helped cent of the contain rises Australia by 17 per cent (1998-99 prices since privatisation in to in electricity bills by hundreds Vic- 2010-11). of dollars.

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Sunday Herald Sun

POLITICAL EDITOR

SPORT THE VOICE

Tuesd ay, June

1840

13

$1.40

WEATHER Page 26

includ ing GST

Winte is herer

INSIDE THE political turmoil in Darwin highlights the failure of NT’s governance

The wea knew it ther made sure we winter was the first yest day single-d erday as chill of marked igit temperature ing of seas the official chan s ons. REP ORT: Pagge e9

NICOLAS ROTHWELL P7

HEN SAYSDI ERSON DO Corang

APLUS

The Australian

OF GEELO NG SINCE

2, 2015 geelon gadver tiser.co m.au

electricity for consumers

The report followed a previous He pointed to evidence sugProductivity Commission study that recommended state-owned gesting that state-owned electricity networks cost more network businesses should per be kilometre to operate than the privatised. private businesses.

Amid concerns the Queens“These additional costs are land election will embolden anti- passed through to the consumers, privatisation campaigns, the commission of audit chairman adding to the cost of electricity Tony Shepherd said electricity and eroding our competitiveness.”

Former top bureaucrat Bill privatisation in Victoria and Scales said the evidence from South Australia had proven to be toria and South Australia Vicbeneficial to consumers. was “quite profound”.

“Government ownership and “In a competitive market, govoperation of electricity supply (and many other public utilities) ernment businesses struggle.

They struggle for a number has led to feather-bedding and sons, not least because of reainefficiency in operation,” he there is said. well-recognised and documented

CATS ON BIGSWEAT GUNS

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