The reforms, if ultimately implemented, would represent a fundamental shift in the way mergers are reviewed in Australia What you need to knowThe ACCC has today announced significant proposed reforms to Australia's merger laws, saying the current regime is "not fit for purpose".The proposed reforms include changing Australia's "voluntary" merger review regime to a "mandatory" and "suspensory" regime, where merger parties would be required to notify the ACCC of mergers that meet certain thresholds and to not complete transactions pending ACCC approval.The proposed reforms would confine appeals of ACCC decisions to limited merits review by the Australian Competition Tribunal.The ACCC has also proposed changes to the substantive merger test including amending the merger factors to be
The Australian Competition Authority announces significant proposed reforms to national merger laws
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.