Treasury Laws Amendment (Mergers and Acquisitions Reform) Act 2024 (137 of 2024)

Schedule 1   Acquisitions

Part 2   Amendments commencing 1 July 2025

Division 2   Other amendments

Corporations Act 2001

83   At the end of Subdivision A of Division 4 of Part 7.3B

Add:

837G Consultation

(1) Subject to subsection (2) of this section, the Reserve Bank must, before making a determination under subsection 837A(1) or (2) or 837B(1) or (2), consult with the ACCC.

(2) The Reserve Bank does not have to consult with the ACCC in relation to the making of a determination under subsection 837A(1) or (2) or 837B(1) or (2) if the ACCC has notified the Reserve Bank, in writing, that it does not wish to be consulted about:

(a) the transfer concerned; or

(b) a class of transfers that includes that transfer.