- Date
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15 Jun 2011
- Chamber
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House of Representatives
- Status
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Act
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Portfolio
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Treasury
- Summary
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Amends the:
Competition and Consumer Act 2010
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; Australian Securities and Investments Commission Act 2001
and 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; and Trade Practices Amendment (Australian Consumer Law) Act (No. 2) 2010
to make technical amendments.