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Australian government-led inquiry endorses mandatory notification of mergers

( March 27, 2024, 00:59 GMT | Official Statement) -- MLex Summary: Companies looking to do deals in Australia may soon be required to formally notify them to the country’s competition watchdog, after a government-led inquiry recommended the creation of a system of mandatory pre-merger notification. In the final report of an inquiry economic dynamism and competition, the Australian parliament’s Standing Committee on Economics made 44 competition-policy recommendations in areas such as merger law, airport landing slot management and financial services regulation. The 246-page report also recommended that the Australian Bureau of Statistics periodically compile data on the market share of large firms in key industries.The full report from the House of Representatives Standing Committee on Economics is attached....

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