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Australia's parliament adopts mandatory, suspensory merger regime

( November 28, 2024, 10:42 GMT | Official Statement) -- MLex Summary: A root and branch overhaul of Australia’s system of merger control has been passed into law. In a late night sitting of Australia’s parliament, the Treasury Laws Amendment (Mergers and Acquisitions) Bill 2024 was approved without amendments by upper house senators. In a statement, Treasurer Jim Chalmers and Assistant Treasurer Andrew Leigh described the bill as the biggest change to Australia’s merger settings in half a century. The new system will come into effect on Jan. 1, 2026....

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