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Filing fees for dealmakers would rise sharply under Papua New Guinea proposal

( July 30, 2025, 02:08 GMT | Official Statement) -- MLex Summary: The cost of dealmaking in Papua New Guinea would rise sharply under a proposed filing-fee increase put forward in a discussion paper published by the Pacific country’s competition authority. In a statement marking the release of the discussion paper, PNG’s Independent Consumer & Competition Commission said its proposal would increase the fee for a basic clearance application from the current K20,000 (kina) ($4,800) to K50,000 for a Phase 1 review applying to transactions valued at above K50 million. The ICCC said that the proposed increase would “reflect the rising costs associated with processing such applications.” The deadline for submissions has been set for Aug. 29.The ICCC's discussion paper and press release are attached. ...

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