Australia: The government is entering the final countdown to launch new policies

in short

On October 10, 2024, the federal government launched Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 (“bill“) to Parliament. The bill would amend Competition and Consumer Act 2010 (“CCA“) Implement a mandatory and moratorium merger control regime to replace the previous voluntary regime.

The Bill, which follows extensive public consultation, makes a number of important changes to proposals put forward in an earlier exposure draft. In this newsletter, we step through the key elements of the bill and the changes made to the previous exposure draft.

On 4 November 2024, Baker McKenzie and MLex will host a workshop with special guest Marcus Bezzi (Lead Counsel, Competition Law Working Group) and a panel of experts to discuss these reforms and their implications. For more information and to register for this event, click here.

As we move towards the implementation of these major reforms, please contact us if you have any questions or if we can assist you in the public consultation process.

For more information about these changes, please see our previous customer alerts here and here.

Click here to access the full alert.