The ACCC has started the debate on an overhaul of Australia's merger control regime
The Australian Competition and Consumer Commission (ACCC) has released its vision for a dramatic overhaul of Australia's merger review regime. The ACCC is concerned that Australia's current merger laws are not 'fit for purpose' and that the current merger review regime is hampering the ACCC's ability to block anti-competitive acquisitions.
Merger reform has been on the agenda in Australia for some time, but the ACCC's announcement kicks off the debate in earnest. There will be a long road ahead before any proposals become law.
Allens welcomes an open and evidence-based debate. We will be monitoring these discussions and actively participating in the debate about the need for, and content of, any proposed changes.