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The franchise sector breathed a collective sigh of relief when the Minister for Small Business Craig Emerson announced the Government's official response to the report of the recent Federal Parliamentary inquiry into franchising.

Section 50 of the Trade Practices Act 1974 (TPA) prohibits mergers or acquisitions that are likely to result in a "substantial lessening of competition" in a market, a test that the Government believes needs amending to better address problems associated with so-called "creeping acquisitions".