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Clarify application of SLC on deals under Australia's new merger laws, industry says

By Saloni Sinha ( May 9, 2025, 04:48 GMT | Insight) -- The application of a revised “substantial lessening of competition” test under Australia’s revamped merger laws requires further clarity, because its interpretation could broaden the scope of the test and could hurt benign mergers, industry experts have warned. In a submission to a consultation on draft merger-assessment guidelines by the Australian Competition & Consumer Commission, the Law Council of Australia questioned whether recent changes to the regulator’s merger test mark a material shift in approach. The application of a revised “substantial lessening of competition,” or SLC, test under Australia’s revamped merger laws requires further clarity, because its interpretation could broaden the scope of the test and could hurt benign mergers, industry experts have warned....

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