Region: Australia

Pacific enforcers establish competition network

Antitrust agencies in 12 Pacific countries have set up an official network to share information, investigative techniques and best practices.

06 November 2023

Australia reviews possible secretive Chinese share acquisitions in mining company

An Australian mining company has asked the country’s Foreign Investment Review Board to check director nominations and possible share purchases by a China-linked shareholder that the government prohibited from further increasing its stake in the local business.

31 October 2023

Australia: ACCC Demonstrates Fresh Willingness to Accept Behavioural Remedies

Featured in Merger Remedies Guide - Fifth Edition

Although the ACCC consistently indicates a preference for structural undertakings, Armaguard/Prosegur and BPAY/eftpos/NPPA reveal an openness to entertain accepting behavioural remedies. The ACCC is likely to face questions on whether its preference for structural remedies remains fit for purpose amid emerging theories of harm in the digital space.

25 October 2023

Australia: ACCC’s Enforcement and Merger Reform Approach Could Foreshadow Increased Scrutiny

Featured in The Guide to Life Sciences - Second Edition

The ACCC has called for significant reforms to Australia’s merger laws. This proposed overhaul would have a profound impact on dealmaking in the life sciences sector. With the rising cost of living, it is hoped that the ACCC will look closely at conduct that could result in a reduction of consumer access to cost-effective treatments.

20 October 2023

ACCC probes Petstock’s completed acquisitions as part of separate merger review

A pet retailer has offered a divestment package to Australia’s competition watchdog to resolve antitrust concerns arising from four already-completed acquisitions that came to light in a separate merger review.

19 October 2023

ACCC “closely following” effects of generative AI

The rise of generative artificial intelligence is an opportunity for competition enforcers to avoid repeating the previous patterns of underenforcement in digital markets, the head of the Australian Competition and Consumer Commission has said.

17 October 2023

Sustainability benefits override competition concerns in ACCC clearance

A consortium can acquire an Australian gas and electricity company to help the country’s renewable energy transition despite the deal raising “long-standing” competition concerns, the national competition authority has said.

10 October 2023

Cass-Gottlieb calls for new mandate to boost competition in airline sector

The head of Australia’s antitrust watchdog has asked the government for enhanced information-gathering powers to keep a check on competition in the airline industry and the power of Qantas and Virgin Australia.

05 October 2023

Divestment package may not appease ACCC concerns over pathology merger

A proposed divestment remedy by Australian Clinical Labs does not fully address concerns that its takeover of a rival would harm competition, the country’s antitrust watchdog has said.

03 October 2023

ACCC blocks toll road deal

A proposal by Australia’s largest toll road operator to purchase a majority stake in a rival would likely foreclose competition, the country’s antitrust authority has held.

21 September 2023

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