More mergers to come under scrutiny in another leg of Chalmers’ competition policy

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Treasurer Jim Chalmers has unveiled new rules governing company mergers that will bring more of them under scrutiny to ensure they don’t worsen competition.

Metadata

Provider:

The Conversation

URL:

https://theconversation.com/more-mergers-to-come-under-scrutiny-in-another-leg-of-chalmers-competition-policy-227454

Retrieved on:

Tuesday, April 9, 2024

Information

Tags:

ACCC, Risk, University, Treasurer, Food, OECD, Competition, Competition Tribunal, Workload, Treasury, Economics, Government, Law, Supermarket

Geotags:

CHALMERS

Summary

Key Points:

Treasurer Jim Chalmers has unveiled new rules governing company mergers that will bring more of them under scrutiny to ensure they don’t worsen competition.
A mandatory notification system will be brought in and the Australian Competition and Consumer Commission will be the single decision-maker on all mergers.
At the moment, notifications are voluntary, with the ACCC having the right to object after they have gone ahead.
Mergers above a yet-to-be-determined threshold and mergers which could significantly change market concentration will have to be notified and approved before going ahead.