Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (72 of 2025)

Schedule 5   Machinery and other technical amendments

Part 1   Amendments commencing day after Royal Assent

Division 1   Notification of acquisitions

Competition and Consumer Act 2010

1   Section 51ABO

Repeal the section, substitute:

51ABO When acquisitions are required to be notified

Subject to Subdivisions B and C, an acquisition is required to be notified if:

(a) the acquisition is put into effect on or after 1 January 2026; and

(b) the acquisition:

(i) occurs in circumstances determined under subsection 51ABP(1) for the purposes of this subparagraph in relation to the acquisition; or

(ii) is in a class of acquisitions determined under subsection 51ABQ(1) for the purposes of this subparagraph; and

(c) the acquisition:

(i) does not occur in circumstances determined under subsection 51ABRA(1) for the purposes of this subparagraph in relation to the acquisition; and

(ii) is not in a class of acquisitions determined under subsection 51ABRB(1) for the purposes of this subparagraph.

Note 1: An acquisition is required to be notified only if it is an acquisition to which this Division applies. For the acquisitions to which this Division applies, see Subdivision B of Division 1.

Note 2: See also subsection 51ABS(5).