Labor targets unfair company mergers in competition policy overhaul
by Paul Karp Chief political correspondent from World news | The Guardian on (#6KYNH)
Reforms that address the decline in competition can deliver big economic benefits', the treasurer will tell the ACCC
Companies will be required to notify the competition watchdog of mergers of a certain size in a major revamp of Australia's competition laws designed to reduce unfair market concentration.
On Wednesday the treasurer, Jim Chalmers, will announce that the government will overhaul the voluntary system that has left the Australian Competition and Consumer Commission flying blind when scrutinising mergers, because the regulator is only informed of about a quarter of mergers.
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