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

Competition and Consumer Act 2010 (Cth)

Section 95AZH
When authorisation must not be granted

The provision

(1) The Tribunal must not grant an authorisation in relation to a proposed acquisition of shares or assets unless it is satisfied in all the circumstances that the proposed acquisition would result, or be likely to result, in such a benefit to the public that the acquisition should be allowed to occur.

(2) In determining what amounts to a benefit to the public for the purposes of subsection (1):

(a) the Tribunal must regard the following as benefits to the public (in addition to any other benefits to the public that may exist apart from this paragraph):

(i) a significant increase in the real value of exports;

(ii) a significant substitution of domestic products for imported goods; and

(b) without limiting the matters that may be taken into account, the Tribunal must take into account all other relevant matters that relate to the international competitiveness of any Australian industry.

(3) To avoid doubt, an authorisation cannot be granted for an acquisition that has occurred.


Legislative history

Forthcoming

Commentary

Forthcoming

See also mergers page.