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

Schedule 2   Other amendments

Part 2   Duties imposed by Competition Code

Competition and Consumer Act 2010

5   After subsection 150FA(5)

Insert:

(5A) To avoid doubt, neither this Act (nor any other law of the Commonwealth) imposes a duty on the Commonwealth entity to the extent to which imposing such a duty would:

(a) contravene any constitutional doctrine restricting the duties that may be imposed on a Commonwealth entity; or

(b) otherwise exceed the legislative power of the Commonwealth.