What needs to happen.
If the government facilitated Grey markets by helping big retailers like Harvey Norman, Myers, bigW, Kmart etc to co-ordinate their Grey market efforts.. it would cause Grey market competition pricing and force local subsidiaries (IE Sony Australia, Alpine Australia Etc etc) to compete with global pricing. If they can't compete, then they need to negotiate better with their suppliers and cut expense until they can compete.
I notice that companies that gouge here in Au don't mention that their offices in every other country also pay rent and salaries and they somehow manage to price competitively.
The worst case I saw was years ago.. A Ford convertible (Capri I think) was actually built here in Australia, but was sold in the US for 13000, and here for 23k +. Because they knew people here are used to being gouged and would pay anyway.
That is what the retail slump is about.. The Internet has shown all Australians that we get gouged by all the companies we've been loyal too for years. I never buy electrical goods in Australia anymore because they don't respect me enough to give me a global price. The Internet isn't going away anytime soon so this awareness is going to grow not shrink and whining about slumping retail sales isn't going to change it. Retail sales are going fantastically, we're just buying online now to avoid being gouged.
If you want to keep the sales in Australia, it's time to pony up and be competitive.
This is also why people like Sony introduced DVD/blueray regions. So they could gouge us on movies as well.
What the government should have done back then was ban region locked DVD players from the Australian markets to stop that happening.
Perth Western Australia.