Commonwealth Consolidated Acts

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COMPETITION AND CONSUMER ACT 2010 - SECT 95AN

When clearance must not be granted

             (1)  The Commission must not grant a clearance in relation to a proposed acquisition of shares or assets unless it is satisfied that the acquisition would not have the effect, or be likely to have the effect, of substantially lessening competition (within the meaning of section 50).

             (2)  To avoid doubt, a clearance cannot be granted for an acquisition that has occurred.



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