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Dec 11, 2024 | 
globalcompliancenews.com | Lynsey Edgar |Georgina Foster |Helen Joyce
The Australian Parliament passed the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 (“Bill“) without any amendments on 28 November 2024, marking a new chapter for merger control in Australia. The merger laws are slated to come into effect on 1 January 2026 and will constitute a significant departure from the existing voluntary regime.
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Nov 15, 2024 | 
globalcompliancenews.com | Lynsey Edgar |Georgina Foster |Kate Jefferson |Ben McLaughlin
Proposed changes to Australia’s merger control regime were introduced to Parliament last month following extensive public consultation. For further information on these reforms, please see our alerts here, here, and here. As a key element of the reforms, the new legislation will enable the ACCC to request that the Treasurer designate certain sectors of the economy where all mergers, acquisitions or other transactions would require approval from the ACCC, regardless of transaction size.
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Oct 29, 2024 | 
globalcompliancenews.com | Lynsey Edgar |Georgina Foster |Helen Joyce
On 10 October 2024, the Federal Government introduced the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024 (“Bill“) to Parliament. The Bill will amend the Competition and Consumer Act 2010 (“CCA“) to implement a mandatory and suspensory merger control regime in place of the former voluntary regime. The Bill has been introduced following extensive public consultation, resulting in a number of important changes to the proposal set out in the earlier exposure draft.
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Oct 18, 2024 | 
lexology.com | Georgina Foster |Lynsey Edgar |Helen Joyce
© 2024 Baker & McKenzie | 2In more detailNotification thresholdsFollowing extensive consultation with various stakeholders, the Government has announced revised notification thresholds. There will be three alternative monetary thresholds as set out in the chart below from the Government's response to theconsultation process. The notification thresholds will be contained in a standalone legislative instrument which will be thesubject of consultation in 2024-25.
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Sep 4, 2024 | 
globalcompliancenews.com | Georgina Foster |Lynsey Edgar |Helen Joyce
Today, the Australian Treasury released a consultation paper on the proposed monetary and market share thresholds that will trigger a requirement to notify an acquisition to the Australian Competition and Consumer Commission (ACCC) under the Federal Government’s proposed new mandatory merger control regime.
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Aug 29, 2024 | 
concurrences.com | Baker McKenzie |Georgina Foster |Lynsey Edgar |Helen Joyce
In briefToday, the Australian Treasury released a consultation paper on the proposed monetary and market share thresholds that will trigger a requirement to notify an acquisition to the Australian Competition and Consumer Commission (ACCC) under the Federal Government’s proposed new mandatory merger control regime. It is proposed that transactions which meet either of the thresholds must be notified to, and approved by, the ACCC, with penalties imposed for any failure to notify or for implem...
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Aug 29, 2024 | 
concurrences.com | Baker McKenzie |Georgina Foster |Lynsey Edgar |Helen Joyce
In briefToday, the Australian Treasury released a consultation paper on the proposed monetary and market share thresholds that will trigger a requirement to notify an acquisition to the Australian Competition and Consumer Commission (ACCC) under the Federal Government’s proposed new mandatory merger control regime. It is proposed that transactions which meet either of the thresholds must be notified to, and approved by, the ACCC, with penalties imposed for any failure to notify or for implem...
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Aug 29, 2024 | 
concurrences.com | Georgina Foster |Lynsey Edgar |Helen Joyce
Lynsey Edgar is a partner at Baker McKenzie, based in the firm’s Sydney office. Her practice focuses on competition and consumer law. She is global co-lead of the Firm’s Competition Litigation Taskforce. Lynsey is recognised in Legal500 (Competition and Trade, Australia, 2022), where she is described by clients as having "high commercial acumen" and providing "clear and commercial merger control advice".
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Apr 5, 2024 | 
globalcompliancenews.com | Georgina Foster |Helen Joyce |Lynsey Edgar
The ACCC has announced the industry sectors and competition and consumer law issues in focus for 2024/25In briefOn 7 March 2024, the Chair of the Australian Competition and Consumer Commission (ACCC), Gina Cass-Gottlieb, announced the ACCC’s compliance and enforcement priorities for 2024/25 and the market studies and advocacy work that the ACCC would continue this year.
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Mar 12, 2024 | 
lexology.com | Georgina Foster |Helen Joyce |Lynsey Edgar
In briefOn 7 March 2024, the Chair of the Australian Competition and Consumer Commission (ACCC), Gina Cass-Gottlieb, announced the ACCC's compliance and enforcement priorities for 2024/25 and the market studies and advocacy work that the ACCC would continue this year. Ms. Cass-Gottlieb identified a range of industry sectors, as well as specific competition and consumer law issues that will be the focus of the ACCC's compliance and enforcement activities for 2024/25.
