ACCC urges Australia's federal government to strengthen merger regulation, due to inadequate scrutiny of consumer costs, as up to two-thirds of companies fail to notify planned mergers.

The Australian Competition and Consumer Commission (ACCC) has expressed concerns over the country's corporate merger laws, stating that they are lagging behind those of developed nations and negatively impacting consumers. The ACCC has urged the federal government to strengthen merger regulation. New research revealed that up to two-thirds of companies fail to notify the ACCC of planned mergers, leading to inadequate scrutiny of potential costs to consumers. The ACCC has called for mandatory notification of mergers above certain thresholds and a requirement to halt the transaction until approval is granted.

February 02, 2024
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