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'International practice' to inform new Australian merger notification thresholds, says top lawmaker

By Ryan Cropp ( July 22, 2024, 21:00 GMT | Insight) -- Deal notification thresholds in Australia’s soon-to-be revamped merger review system will be based on consultation and “international practice,” according the government's assistant minister for competition, Andrew Leigh. Last week, Treasury Department officials conducted "targeted" consultations on the new draft laws, which the government is now expected to release for public consultation in coming weeks. MLex understands Treasury will also conduct a separate consultation on the level of the new merger thresholds.Deal notification thresholds in Australia’s soon-to-be revamped merger review system will be based on consultation and “international practice,” according to a top government lawmaker....

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