- Date
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27 May 2010
- Chamber
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House of Representatives
- Status
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Not Proceeding
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Trade Practices Act 1974
in relation to the: Australian Competition and Consumer Commission’s (ACCC) consideration of acquisitions in local markets (including creeping acquisitions); ACCC’S consideration of multiple markets when assessing mergers; and reform of the prohibition on anti-competitive mergers and acquisitions; and Australian Securities and Investments Commission Act 2001
and proposed Competition and Consumer Act 2010
, in response to recommendations of the Senate Economics Legislation Committee, to: insert a statement of interpretative principles into the unconscionable conduct provisions; and provide that the statutory concept of unconscionable conduct is consistently applied to both consumers and businesses.