Commonwealth Consolidated Acts

TRADE PRACTICES ACT 1974 - SECT 95AN

             (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.