Are mergers and acquisitions prohibited by the Competition and Consumer Act 1010 (Cth)?

Question

Quizplus · Accepted Answer

Both mergers and acquisitions are not prohibited outright by the Competition and Consumer Act 2010 (Cth). However, they are prohibited if they would have the effect of substantially lessening competition in a market. The Australian Competition and Consumer Commission (ACCC) is responsible for regulating mergers and acquisitions to ensure that they do not result in a substantial lessening of competition.

Are Mergers and Acquisitions Prohibited by the Competition and Consumer