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Australia's merger rules will be reformed in a bid to boost competition and productivity in the economy.
How the treasurer’s merger reforms end up working in practice will be known in just a few years. Whether they achieve their economic objective will not be known for decades.
The ACCC will be able to block serial acquisitions and those that entrench the market power of big players, but Jim Chalmers rejected a “presumptive ban” on mergers.
Assistant minister for competition will consult on regulating non-compete clauses after finding young, low-paid workers are being threatened for switching jobs.