Australia’s new mandatory merger control regime commenced on January 1, 2026. Parties must notify the Australian Competition and Consumer Commission (ACCC) of acquisitions exceeding specified thresholds and must not complete transactions until clearance is obtained.
“Assets” are defined broadly to include any kind of property, legal or equitable rights, and goodwill—so the regime captures freehold interests, leasehold interests, agreements for lease, options over land, and equitable interests.
Notification thresholds
For acquiring all or substantially all of the assets of a business, the monetary thresholds are:
- Large merged firms: Combined Australian revenue of the acquirer and target ≥ AUD200million