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We have prepared guidelines to help businesses and their advisers understand the provisions relating to merger authorisations, and how the ACCC proposes to assess applications for merger authorisation under the new test.
On 6 November 2017 important reforms to the Act took effect which prohibit parties from engaging in a concerted practice that has the purpose, effect, or likely effect of substantially lessening competition.
Section 46 of the Competition and Consumer Act 2010 prohibits a firm with a substantial degree of market power from engaging in conduct that has the purpose, effect or likely effect of substantially lessening competition in a market.