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Merger-overhaul proposals could be simplified, top Australian antitrust official says

( August 22, 2024, 02:01 GMT | Official Statement) -- MLex Summary: Proposals to overhaul Australia’s merger laws should be simplified in order to strike a balance between the scrutiny of potentially anticompetitive deals and minimizing the regulatory burden for acquisitions that don’t have anticompetitive effects, the country’s top antitrust official said. In a speech delivered in Sydney, Gina Cass-Gottlieb also said that the proposed legislation would introduce a “significant change in mindset for all of us,” with companies working on deals needing to increase their engagement with the Australian Competition & Consumer Commission.  However, the agency remains strongly supportive of the direction outlined by the legislation’s exposure draft, Cass-Gottlieb said.Australian Competition & Consumer Commission Chair Gina Cass-Gottlieb's full speech to the 2024 Law Council Annual Competition and Consumer Law Workshop follows: ...

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