On 10 October 2024, the Federal Government introduced the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 (“Bill”) to Parliament. The Bill will amend the Competition and Consumer Act 2010 (“CCA”) to implement a mandatory and suspensory merger control regime in place of the former voluntary regime.
The Bill has been introduced following extensive public consultation, resulting in a number of important changes to the proposal set out in the earlier exposure draft.
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