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Circumscribed SLC test in Australian merger bill claimed as win by lawyers, businesses

By James Panichi and Saloni Sinha ( October 10, 2024, 07:07 GMT | Insight) -- Australian businesses appear to have had a breakthrough in their battle to contain a government plan to dramatically expand the “substantial lessening of competition” test in merger reviews, with proposed legislation dialing back the scope of the changes. The draft legislation presented to the Australian Parliament today has limited the revamped SLC test to the narrow parameters of the 2010 Competition and Consumer Act’s Section 50, which deals specifically with merger reviews.Australian businesses appear to have had a breakthrough in their battle to contain a government plan to dramatically expand the “substantial lessening of competition,” of SLC, test in merger reviews, with proposed legislation dialing back the scope of the changes....

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