1 00:00:00,040 --> 00:00:02,160 Speaker 1: And so big week on rules and penalties around crime. 2 00:00:02,200 --> 00:00:03,840 Speaker 1: The Justice Minister with us in half an hour. But 3 00:00:03,920 --> 00:00:06,880 Speaker 1: yesterday it was retail's turn. Infringement notices five hundred bucks 4 00:00:06,920 --> 00:00:09,319 Speaker 1: of stolen goods below five hundred dollars over five hundred 5 00:00:09,400 --> 00:00:11,480 Speaker 1: fines up to one thousand. For the big stuff over 6 00:00:11,520 --> 00:00:13,200 Speaker 1: two thousand dollars, you can go to prison for up 7 00:00:13,200 --> 00:00:15,040 Speaker 1: to seven years. Now. Rod Duke, of course, is the 8 00:00:15,080 --> 00:00:18,160 Speaker 1: Briscoes Group managing director and is with us. Good morning, 9 00:00:18,239 --> 00:00:21,000 Speaker 1: Good morning, Mike. Is this theory or reality? Do you 10 00:00:21,040 --> 00:00:22,959 Speaker 1: think it'll work these instant fines or not? 11 00:00:24,400 --> 00:00:27,080 Speaker 2: Well, I think it's a terrific start. Look, you've got 12 00:00:27,080 --> 00:00:30,880 Speaker 2: to start somewhere. There's a lot to come through in 13 00:00:30,920 --> 00:00:34,559 Speaker 2: the detail, and it does sound as though it's going 14 00:00:34,600 --> 00:00:37,279 Speaker 2: to take a year to coming to force, So we've 15 00:00:37,320 --> 00:00:38,320 Speaker 2: got a bit of waiting to do. 16 00:00:38,640 --> 00:00:40,680 Speaker 1: How will you implement it? Do you have you put 17 00:00:40,720 --> 00:00:43,120 Speaker 1: any thought into that? I mean literally, how will you 18 00:00:43,159 --> 00:00:43,760 Speaker 1: implement it? 19 00:00:46,040 --> 00:00:49,519 Speaker 2: Well, we've got term, we've got cameras, and we've got 20 00:00:49,960 --> 00:00:53,599 Speaker 2: facial recognition probably coming through to catch the more hardened 21 00:00:53,640 --> 00:00:58,520 Speaker 2: of them. But I guess that's in the detail even today, 22 00:00:58,560 --> 00:01:00,760 Speaker 2: as you know, it's pretty difficult get the police on 23 00:01:00,880 --> 00:01:04,880 Speaker 2: site when you do run across run across the thieves. 24 00:01:04,880 --> 00:01:08,600 Speaker 2: But look, we'll see. I guess there'll be some some 25 00:01:08,680 --> 00:01:09,559 Speaker 2: guidance for us. 26 00:01:09,800 --> 00:01:11,680 Speaker 1: The next part will be do you think they'll ever 27 00:01:11,720 --> 00:01:15,440 Speaker 1: pay the fine or is that not really your problem? 28 00:01:15,560 --> 00:01:19,720 Speaker 2: Well, it's probably not my problem. I think. Look, at 29 00:01:19,720 --> 00:01:22,720 Speaker 2: the end of the day, there will be embedded in 30 00:01:22,800 --> 00:01:26,479 Speaker 2: the legislation some consequence. Well I'm hoping there'll be some 31 00:01:26,520 --> 00:01:31,520 Speaker 2: consequence embedded in the legislation. But you know, as I've 32 00:01:31,520 --> 00:01:34,679 Speaker 2: been told, it's a year in the making. So I 33 00:01:34,720 --> 00:01:36,240 Speaker 2: guess we've just got to hold their breath and see 34 00:01:36,280 --> 00:01:36,679 Speaker 2: what happens. 35 00:01:36,800 --> 00:01:38,720 Speaker 1: Flip side of it. Do you think it's a deterrent 36 00:01:38,800 --> 00:01:41,200 Speaker 1: if I am a thief? Do I think that a 37 00:01:41,280 --> 00:01:42,720 Speaker 1: thousand dollars are going to put me off? 38 00:01:45,080 --> 00:01:47,960 Speaker 2: Well, look at it probably will put some up. But 39 00:01:48,000 --> 00:01:51,919 Speaker 2: there's some pretty hardened thieves out there, and and Philly, 40 00:01:53,560 --> 00:01:57,360 Speaker 2: you know, pretty experienced at this this thieving gig as well. 41 00:01:58,360 --> 00:02:02,040 Speaker 2: It'll put some off. It might it might have to 42 00:02:02,080 --> 00:02:05,480 Speaker 2: just look at strengthening a little little downstream. I guess. 43 00:02:05,520 --> 00:02:07,840 Speaker 1: So what do you deal with in terms of crime? 44 00:02:07,920 --> 00:02:10,400 Speaker 1: I mean, how much does it cost you, how often 45 00:02:10,440 --> 00:02:12,200 Speaker 1: does it happen? And who are these people? 46 00:02:14,000 --> 00:02:19,119 Speaker 2: Look, I think it's reasonable to guess that it costs 47 00:02:19,800 --> 00:02:24,239 Speaker 2: some retailers somewhere between half a percent and one percent 48 00:02:24,280 --> 00:02:27,880 Speaker 2: of their revenue. So if we were in that boat, 49 00:02:28,720 --> 00:02:31,200 Speaker 2: our revenue is about eight hundred millions, it's probably going 50 00:02:31,280 --> 00:02:34,640 Speaker 2: to cost us about around about six to eight million 51 00:02:34,680 --> 00:02:37,000 Speaker 2: dollars a year. So that's the that's the. 52 00:02:37,120 --> 00:02:40,200 Speaker 1: That's the quantum of And is that every shop every day? 53 00:02:41,960 --> 00:02:44,800 Speaker 2: Now that's a total total stop. Yeah, it happens, It happens. 54 00:02:44,919 --> 00:02:48,520 Speaker 2: It happens pretty much every day. There's no there's no 55 00:02:48,600 --> 00:02:52,520 Speaker 2: set pattern to it. There's no set stores. There's gangs 56 00:02:52,639 --> 00:02:55,880 Speaker 2: that rove for store to store to store. You know, 57 00:02:55,919 --> 00:02:58,600 Speaker 2: they just give us, they just take it in turns. 58 00:02:58,800 --> 00:03:00,919 Speaker 1: And how to staff handle it? And is that an 59 00:03:00,919 --> 00:03:01,880 Speaker 1: issue for stuff? 60 00:03:02,760 --> 00:03:05,080 Speaker 2: Well, it looks at a huge issue because look, at 61 00:03:05,120 --> 00:03:07,760 Speaker 2: the end of the day, you know, losing the money 62 00:03:07,919 --> 00:03:10,920 Speaker 2: is you know, it's just catastrophic for us. But at 63 00:03:10,960 --> 00:03:16,200 Speaker 2: the end of the day, you know, staffer are injured, 64 00:03:16,360 --> 00:03:21,200 Speaker 2: their abuse, they're they're threatened, and that's probably the bigger 65 00:03:21,240 --> 00:03:26,040 Speaker 2: issue that we don't think about. The staff a under 66 00:03:26,200 --> 00:03:26,920 Speaker 2: enormous pressure. 67 00:03:27,560 --> 00:03:29,680 Speaker 1: All right, Ron appreciate it very much. Rob Duke, who's 68 00:03:29,840 --> 00:03:30,840 Speaker 1: with Briscoes obviously. 69 00:03:31,320 --> 00:03:34,240 Speaker 2: For more from the Mic Asking Breakfast listen live to 70 00:03:34,360 --> 00:03:37,400 Speaker 2: news talks it'd be from six am weekdays, or follow 71 00:03:37,440 --> 00:03:38,960 Speaker 2: the podcast on iHeartRadio