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Chapter 3
Conclusions
3.1
The committee believes concerns about the impact of 'creeping
acquisitions' on competition are valid. It agrees that the current provisions
of section 50 of the Trade Practices Act are insufficient to address the
problem adequately.
3.2
The committee notes that the Government has foreshadowed that it
will be introducing legislation regarding creeping acquisitions within weeks.
It would be prudent to see what this legislation contains before deciding
whether or not the bill currently under consideration is preferable.
Recommendation 1
3.3
The committee recommends that the Senate defer consideration of
the Trade Practices (Creeping Acquisitions) Amendment Bill 2007 [2008] until
the Government's legislation regarding this topic is presented.
Senator Annette Hurley
Chair
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