The Australian Federal Police have launched an investigation into the price gouging of rapid antigen tests.
Two investigations in Queensland and New South Wales have already begun after the Australian Competition and Consumer Commission referred cases of price gouging.
It comes as the AFP has also issued a warning to individuals and businesses that they can face five years in jail for re-selling rapid antigen tests for more than 20 per cent of the retail purchase price.
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AFP Assistant Commissioner Crime Command Nigel Ryan said there would be "zero tolerance" for people profiting from rapid antigen tests at the expense of Australians.
"The AFP will use its full powers to crack down on RAT price gouging," Assistant Commissioner Ryan said.
"Not only is price gouging of RATs unethical but it is illegal, and the AFP will use its significant resources to ensure it protects the public from the unlawful greed of others."
The AFP also expects there will be more investigations as allegations of price gouging continue to be reported.
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Strike teams have the powers to force individuals or businesses to surrender the rapid antigen tests if they're found to be price gouging, they will then be sent to the National Medical Stockpile.
No rapid antigen tests have been seized yet by the AFP.
People or businesses found to be price gouging can face significant fines and even jail time.
"Those who breach the law face penalties of up to 5 years' jail or a $66,000 fine," Assistant Commissioner Ryan said.
"My message is clear. Do not risk jail time or a significant fine for a few extra dollars."
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https://twitter.com/acccgovau/status/1482845849000550401The ACCC has received over 1,800 reports from consumers about rapid antigen test price gouging since 25 December 2021.
Almost 150 reports are being made to the ACCC a day.
"In the middle of a significant outbreak of COVID-19 in a pandemic, the excessive pricing of rapid antigen tests required to diagnose the illness and protect other members of the public, is of significant concern to the ACCC," ACCC Chair Rod Sims said.
There are some reports of rapid antigen tests being sold for between $20-30 per test and sometimes over $70 a test through smaller retail outlets, the ACCC said.
