TRADE PRACTICES (TRANSFER OF MARKET DOMINANCE) AMENDMENT ACT 1986 NO. 8 OF 1986 

TRADE PRACTICES (TRANSFER OF MARKET DOMINANCE) AMENDMENT ACT 1986 NO. 8 OF 1986 
- TABLE OF PROVISIONS

1. Short title, &c.  
2. Commencement  
3. Mergers and other acquisitions  

TRADE PRACTICES (TRANSFER OF MARKET DOMINANCE) AMENDMENT ACT 1986 No. 8 of
1986 - LONG TITLE

      An Act to ensure that section 50 of the Trade Practices Act 1974 does
                   not apply to certain acquisitions

TRADE PRACTICES (TRANSFER OF MARKET DOMINANCE) AMENDMENT ACT 1986 No. 8 of
1986
- SECT 1
Short title, &c.

                                                        (Assented to 1 May
1986) 
  1. (1) This Act may be cited as the Trade Practices (Transfer of Market
Dominance) Amendment Act 1986.
  (2) The Trade Practices Act 1974*1* is in this Act referred to as the
Principal Act.
(Minister's second reading speech made in-
  House of Representatives on 19 March 1986
  Senate on 9 April 1986)
*1* No. 51, 1974, as amended. For previous amendments, see Nos. 56 and 63,
1975; Nos. 88 and 157, 1976; Nos. 81, 111 and 151, 1977; Nos. 206 and 207,
1978; No. 73, 1980; Nos. 61 and 176, 1981; No. 80, 1982; No. 39, 1983; Nos.
63, 73 and 165, 1984; and No. 65, 1985.

TRADE PRACTICES (TRANSFER OF MARKET DOMINANCE) AMENDMENT ACT 1986 No. 8 of
1986
- SECT 2
Commencement

  2. This Act shall come into operation on a day to be fixed by Proclamation.

TRADE PRACTICES (TRANSFER OF MARKET DOMINANCE) AMENDMENT ACT 1986 No. 8 of
1986
- SECT 3
Mergers and other acquisitions

  3. Section 50 of the Principal Act is amended by inserting before
sub-section (3) the following sub-section:
  "(2C) This section does not apply to the acquisition by a person of any
shares in the capital, or any assets, of a body corporate where-
  (a)  before the acquisition, the body corporate was in a position to
dominate a market for goods or services; and
  (b)  as a result of the acquisition, the person is not, and is not likely to
be, in a stronger position to dominate that market.".