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  1. Antitrust & Competition
  2. Australia: Merger reform debate is finally underway…

Australia: Merger reform debate is finally underway…

01 Dec 2023    1 minute read
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In brief

After a flurry of activity, the merger reform debate is finally underway.


Contents

The key events leading up to this significant milestone include:

  • In April 2023, the Chair of the Australian Competition and Consumer Commission ("ACCC"), Gina Cass-Gottlieb reiterated her support and revived the debate for merger reform to the existing merger control regime in Australia.
  • Fast forward to August 2023, the Australian Treasury announced a comprehensive review into competition law, policies and institutions over the next two years that would be adequate for a modern economy, with a particular focus on reforms to the existing statutory framework. A competition taskforce was also established to coordinate the review and advise government.
  • In October 2023, seven experts in business, government, law and economics were appointed to the competition taskforce advisory panel including Kerry Schott, John Asker, Sharon Henrick, David Gonski, John Fingleton, Danielle Wood and Rod Sims.
  • In the latest string of activities, the "Merger Reform Consultation Paper" ("Consultation Paper")1 was released on 21 November 2023 and calls for public submissions to provide information and views that will inform, modernise and shape the future of merger regulation in Australia. The closing date for submissions is Friday 19 January 2024.

Click here to read the full alert.


1 For more information on the Merger Reform Consultation Paper and Appendices, visit the Media Release here.

Contact Information
Georgina Foster
Partner
Sydney
Read my Bio
georgina.foster@bakermckenzie.com
Lynsey Edgar
Partner
Sydney
Read my Bio
lynsey.edgar@bakermckenzie.com
Helen Joyce
Partner at BakerMcKenzie
Melbourne
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helen.joyce@bakermckenzie.com

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