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Role of datasets should be considered in Australian merger reviews, privacy watchdog says

By Saloni Sinha ( February 14, 2024, 05:23 GMT | Insight) -- The nature and significance of data assets being acquired by another company should be weighed up by the antitrust regulator when reviewing a deal, Australia’s privacy watchdog has said in a recent submission that supports merger-law changes that acknowledge the strategic significance of datasets. In its response to a government consultation paper, the Office of the Australian Information Commissioner has said that under the first model to change merger laws being put forward that outlines a voluntary, formal clearance regime, the list of matters to be considered while reviewing a deal should be expanded to include data and technology.The nature and significance of data assets being acquired by another company should be weighed up by the antitrust regulator when reviewing a deal, Australia’s privacy watchdog has said in a recent submission that supports merger-law changes that acknowledge the strategic significance of datasets....

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