Australia: Closed consultation on Treasury Laws Amendment Bill 2024: Acquisitions

On 13 August 2024, the Australian Treasury concludes its public consultation on the draft Treasury Laws Amendment Bill 2024: Acquisitions. The proposed legislation aims to amend the existing framework by, among other things, enabling the setting of targeted mandatory notification thresholds, introducing a phased merger review process, and reforming the regulator's enforcement powers and process. The reform also aims to enable the effective review of serial acquisitions.