Senate Economics Legislation Committee Consultation on Treasury Laws Amendment (Mergers and Acquisitions) Bill 2024
The Competition and Consumer Committee and the Corporations Law Committee of the Business Law Section of the Law Council of Australia (the Committees) welcome this opportunity to provide this submission to the Senate Economics Legislation Committee (the Senate Committee) about the Treasury Laws Amendment (Mergers and Acquisitions) Bill 2024 (the Bill).
The Committees have actively engaged with the Treasury Taskforce through earlier consultation processes about the exposure draft bill and, more recently, consultation on merger notification thresholds. The Committee acknowledge the constructive nature of this engagement, which has been reflected (amongst other things) in material improvement in the Bill.
The Committees do not intend to re-canvass our earlier submissions in any detail. This submission is focused on briefly providing the Senate Committee with our general position in response to the changes as well as some specific observations regarding the requirements for notification of mergers under the Bill and the thresholds announced by the Treasurer.
Read the full submission below.
Last Updated on 02/12/2024
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