Home Page / Legislation / Competition and Consumer Act 2010 / s 95AD

Competition and Consumer Act 2010 (Cth)

Section 95AD
Application for clearance

 

The provision

A person who wants a clearance to acquire shares or assets must apply to the Commission for it.

 

Legislative history

 

Commentary

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.