Which section of the Competition and Consumer Act 2010 prohibits a company from acquiring the shares or assets of another company where the acquisition is likely to result in a substantial lessening of competition in a market?
A)Section 52.
B)Section 50.
C)Section 51.
D)Section 53.

Question

Quizplus · Accepted Answer

Section 50 of the Competition and Consumer Act 2010 prohibits a company from acquiring the shares or assets of another company where the acquisition is likely to result in a substantial lessening of competition in a market. Section 52 pertains to misleading and deceptive conduct, section 51 deals with anti-competitive arrangements, and section 53 relates to boycotts.

Which Section of the Competition and Consumer Act 2010 Prohibits