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

10   Subsection 4(1)

Insert:

phase 1 determination period , for a notification of an acquisition, has the meaning given by subsection 51ABZI(4).

phase 2 determination period , for a notification of an acquisition, has the meaning given by subsection 51ABZI(5).

principal party , to an acquisition, has the meaning given by paragraph 51ABI(1)(a) and subsection 51ABI(2).

public benefit application has the meaning given by subsection 51ABZP(5).

public benefit assessment has the meaning given by subsection 51ABZZA(1).

purportedly puts into effect , in relation to an acquisition, has the meaning given by subsection 45AV(2).

required to be notified , in relation to an acquisition, has the meaning given by sections 51ABO and 51ABS and subsections 51ABT(1) and 51ABV(6).

stale , in relation to a notification of an acquisition, has the meaning given by section 51ABG.

stayed , in relation to an acquisition, has the meaning given by section 51ABE and subsections 51ABZZM(2) and (3).

subject to a condition: for when putting a notified acquisition into effect is subject to a condition, see section 51ABH.

subject to phase 2 review has the meaning given by paragraph 51ABZJ(2)(a).

takeover acquisition , in relation to a takeover bid, means:

(a) an acquisition that results from the acceptance of an offer under the bid; or

(b) an acquisition, by or on behalf of the bidder (within the meaning of the Corporations Act 2001), of securities in the bid class (within the meaning of that Act), that:

(i) results from an on-market transaction (within the meaning of that Act); and

(ii) occurs during the bid period.

takeover bid has the same meaning as in the Corporations Act 2001.

target , of an acquisition, has the meaning given by subsection 51ABI(3).