Trade Practices (Transfer of Market Dominance) Amendment Act 1986
Ensures that certain acquisitions by dominant firms are not captured by s 50.
Mergers and other acquisitions
Section 50 of the Principal Act is amended by inserting before sub-section (3) the following sub-section:
"(2C) This section does not apply to the acquisition by a person of any shares in the capital, or any assets, of a body corporate where-
(a) before the acquisition, the body corporate was in a position to dominate a market for goods or services; and
(b) as a result of the acquisition, the person is not, and is not likely to be, in a stronger position to dominate that market.".