Treasury Laws Amendment (Mergers and Acquisitions Reform) Act 2024 (137 of 2024)
Schedule 1 Acquisitions
Part 2 Amendments commencing 1 July 2025
Division 1 Amendment of the Competition and Consumer Act 2010
Competition and Consumer Act 2010
6 Subsection 4(1)
Insert:
acquisition determination , in respect of a notification of an acquisition, means:
(a) a determination made under subsection 51ABZE(1) in respect of the notification; or
(b) a determination made under subsection 51ABZW(1) in respect of a public benefit application relating to the notification.
acquisitions provision means any of the following provisions:
(a) a provision of Division 1A of Part IV;
(b) a provision of Part IVA;
(c) a provision of Division 1B of Part IX;
(d) another provision of this Act, to the extent that it relates to a provision covered by paragraph (a), (b) or (c).
acquisitions register means the register kept by the Commission under subsection 51ABZZH(1).
business day : in Part IVA, business day has the meaning given by section 51ABK.
Chapter 6 entity has the meaning given by subsection 51ABJ(1).
determination period :
(a) for a notification of an acquisition - has the meaning given by subsection 51ABZI(3); and
(b) for a public benefit application - has the meaning given by subsection 51ABZZ(2).
effective application date , of a public benefit application, has the meaning given by subsection 51ABZP(6), paragraph 51ABZR(1)(a), subsection 51ABZS(5) and paragraph 51ABZT(2)(a).
effective notification date , of a notification of an acquisition, has the meaning given by subsection 51ABW(4), paragraph 51ABZ(1)(a), subsection 51ABZA(5) and subparagraph 51ABZB(2)(a)(i).
finally considered , in relation to a notification of an acquisition, has the meaning given by subsection 51ABF(1).
goodwill protection provision : a provision of a contract is a goodwill protection provision of the contract if:
(a) the contract is for the sale of a business or of shares in the capital of a body corporate carrying on a business; and
(b) the provision is solely for the protection of the purchaser in respect of the goodwill of the business.