CHOICE has made a joint submission to Treasury with the Consumers’ Federation of Australia supporting the proposed changes to the laws that apply to mergers and acquisitions in Australia.
Market power in many markets in Australia has become too highly concentrated, making it easy for big businesses to stifle competition and expand their profit margins, often at the expense of consumers. The draft laws consulted on by Treasury are not a complete solution, but they are a step in the right direction.
Our submission particularly supports provisions in the draft laws that would make it easier for relevant consumer groups or associations to participate in the merger review process.
Download submission (PDF)
Submission to Treasury: Reforming mergers and acquisitions – exposure draft