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Turnover, market share will be assessed under fresh Australian merger-law threshold proposal

By Ryan Cropp and James Panichi ( August 30, 2024, 02:25 GMT | Insight) -- Australian dealmakers would face a tough new threshold regime that combines their local and global turnover with their market share, under a new proposal put forward by the government as part of its broader revamp of merger laws. Australian Treasurer Jim Chalmers today announced a multi-pronged threshold system that would see deals involving companies with combined Australian turnovers of $136 million and an Australian turnover of at least $27.1 million facing scrutiny under a new mandatory merger-notification regime.Companies doing deals in Australia would face a tough new threshold regime that combines a dealmaker’s local and global turnover with their market share, under a new proposal put forward by the government as part of its broader revamp of merger laws....

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