Second Reading Speeches

Competition and Consumer Amendment (Divestiture Powers) Bill 2024

Type
Private
Sponsor(s)
MCKIM, Sen Nick
Originating house
Senate
Status
Before Senate
Parliament no
47

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Summary

Amends the

Competition and Consumer Act 2010
to enable the Court, following an application by the Australian Competition and Consumer Commission, to give directions for the purpose of securing a reduction in a corporation’s power in, or share of, the market.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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