Mergers

Mergers and acquisitions are important for the efficient functioning of the economy. They allow firms to achieve efficiencies and diversify risk across a range of activities. However, the Competition and Consumer Act prohibits mergers that would have the effect, or be likely to have the effect, of substantially lessening competition in a market.

About mergers

Mergers and acquisitions can be important for the efficient functioning of the economy. However, the Competition and Consumer Act prohibits those mergers that would have the effect, or be likely to have the effect, of substantially lessening competition in a market.

Informal merger review

The informal merger review process enables merger parties to seek the ACCC’s view on whether the proposed acquisition is likely to have the effect of substantially lessening competition.

Merger authorisation

The ACCC can authorise a proposed acquisition when it is satisfied that the statutory test has been met. Merger authorisation provides protection from legal action under section 50 of the Competition and Consumer Act.

Forms & fees

A valid application for merger authorisation must be in the form approved by the ACCC and accompanied by the relevant fee.