Australia revises merger rules to expedite approvals for non-competition-concern deals, requiring ACCC notification.

Australia's merger rules are being revamped to speed up the approvals process for deals that raise no competition concerns, with companies required to notify the national competition regulator first. The Australian Competition and Consumer Commission (ACCC) will be notified of all proposed deals above monetary and market share thresholds, ensuring deals most likely to impact consumers are subject to sufficient scrutiny. The government plans to increase competition in areas such as retailing and banking, while also streamlining approvals of uncontentious deals.

April 09, 2024
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