Deakin Speaking

On 6 May the government released a second discussion paper relating to the introduction of creeping acquisition laws in Australia.  It is disappointing to say the least.  A 'creeping acquistion' involves ‘the acquisition of a number of individual assets or businesses over time that may collectively raise competition concerns, but when considered in isolation, are unlikely to be captured by the existing mergers and acquisitions test under section 50 …’ (this is the definition adopted in Chris Bowen’s Press Release) and the ALP have, for many years