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Merger overhaul, ex ante laws could stifle Australian tech investment, says key industry group

By Ryan Cropp ( February 28, 2024, 04:19 GMT | Insight) -- Imposing significant new regulatory risks on companies such as Google, Microsoft and Amazon Web Services will put a handbrake on Australia’s burgeoning tech sector by making the country a less attractive place to invest, a key industry group has told lawmakers. In an unpublished submission to a government review of Australia’s merger laws seen by MLex, the Tech Council of Australia said proposals to revamp the country’s merger regime were likely to have a disproportionate effect on tech companies, even though there was little evidence to justify why the tech sector would be targeted.Imposing significant new regulatory risks on companies such as Google, Microsoft and Amazon Web Services will put a handbrake on Australia’s burgeoning tech sector by making the country a less attractive place to invest, a key industry group has told lawmakers....

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