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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. In this alert, we step through key elements of the Bill and changes which have been made to the previous exposure draft.
On 4 November 2024, Baker McKenzie and MLex are co-hosting a seminar with special guest Marcus Bezzi (Chief Advisor to the Competition Law Taskforce) and a panel of experts to discuss these reforms and their impact. For further information, and to register for this event, please click here.
As we progress towards the implementation of these significant reforms, please contact us if you have any queries or if we can assist you to engage with the public consultation process.
For more information on these changes, please see our previous client alerts here and here.
Click here to access the full alert.
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