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Pre-notification discussions will be key to new Australian merger system, says top official

By Ryan Cropp ( August 22, 2024, 05:34 GMT | Insight) -- Discussions held between merger parties and the competition regulator prior to the formal notification of a transaction will be crucial to the efficient operation of Australia’s new merger-control regime, according to a key official. Speaking at a conference in Sydney, Annalisa Heger, a senior official in the Australian government’s Treasury Department, pushed back at suggestions that the proposed new administrative system of merger review would be excessively rigid for parties wanting to present new information in the middle of deal probes. Earlier in the day, ACCC Chair Gina Cass-Gottlieb said merger guidelines provided by the watchdog would be important to the efficient operation of the new system.Discussions held between merger parties and the competition regulator prior to the formal notification of a transaction will be crucial to the efficient operation of Australia’s new merger-control regime, according to a key official....

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