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Australian Regulator Survives Merger Decisions Coup

Law360 (October 11, 2006, 12:00 AM EDT) -- A proposed overhaul of Australia’s merger approvals process has been changed to ensure the country’s antitrust regulator has a say in all decisions, and no longer allows companies to keep the regulator out of the loop.

The revised proposal was a victory for the Australian Competition and Consumer Commission, which has been under fire recently over delays in its decisions on major mergers.

Initially, legislators who were dissatisfied with the ACCC sought to give an alternative to companies seeking formal government decisions on mergers by granting...
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