Competition and Consumer Act 2010 (Cth)
Application for clearance
A person who wants a clearance to acquire shares or assets must apply to the Commission for it.
Division 3 of Part VII of the Act was introduced in 2006 following recommendations by the Dawson Committee. Subdivision B allows parties to apply for 'formal clearance' of their mergers. There is no mandatory pre-merger notification regime operating in Australia and the ACCC may still provide informal advice to parties regarding the legality of their proposed merger.
See mergers page.