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Merger regulation could clarify dealmakers' turnover calculations, Australian watchdog says

( March 17, 2025, 07:31 GMT | Official Statement) -- MLex Summary: Regulation to be released by the Australian government is expected to clarify how the calculation of turnover should be carried out to meet the thresholds outlined by new merger laws, according to the competition watchdog. In an updated “frequently asked questions” document released today, the Australian Competition & Consumer Commission also said that the government instruments, expected to be released soon, could clarify “the scope of the exemption for certain types of property” and the “requirement for the target to have a material connection to Australia before an acquisition is required to be notified.” Australian businesses will be able to notify under the new rules from July 1, while the existing voluntary regime will be scrapped on Dec. 31.  The ACCC's frequently asked questions, updated on March 17, is attached. ...

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