Small Australian beer brewers urge government to push ahead with merger-law overhaul
By Ryan Cropp ( August 19, 2024, 06:33 GMT | Insight) -- Australian small-beer brewers have urged the government to follow through on its proposal to introduce tough new merger and acquisition controls, arguing that the dominance of the country’s two major beer companies had been consolidated through a deliberate strategy of strategic acquisitions. The submission by the Independent Brewers Association comes amid a major backlash against the latest draft of the laws by corporate lobby groups. In another submission, the Tech Council of Australia reiterated its long-held position that the government’s proposals could stifle venture-capital investment in the country’s nascent tech sector.An association of over 600 small beer brewers has urged the Australian government to follow through on its proposal to introduce tough new merger and acquisition controls, amid a major backlash against the latest draft of the laws by corporate lobby groups....
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