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The Trade Practices Legislation Amendment Bill 2005 encapsulates the Dawson committee’s recommendations. The bill is due to be reviewed by the senate in August 2005 .
The reforms will have an effect on any firm applying to the ACCC for merger clearance. In most cases firms that apply for clearance are successful and never have to use the authorization process. For example in the financial year 2001 – 2002 the commission considered 237 asset sales, mergers and joint ventures. Of all these cases the commission only rejected 9, of this 9 a further 5 were granted clearance pursuant to s87B undertakings...
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