Australian Competition Tribunal

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The Australian Competition Tribunal is an independent statutory review body, legislated by part III of the Competition and Consumer Act 2010.[1] The Tribunal was originally established under the Trade Practices Act 1965 (Cth). Its members consist of judges drawn from the Federal Court of Australia.[2] The Tribunal reviews merger authorisation determinations made by the Australian Competition and Consumer Commission (ACCC).[3]

Mergers and acquisitions are an important aspect of economies.[4] The primary function of the Tribunal is to hear applications for the review of determinations made by the ACCC, and is empowered to:

  • review the grant or refusal by the ACCC in granting or refusing authorisation for a company merger or acquisition[5]
  • perform the functions and powers of the ACCC in conducting such a review.[6]

References

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  1. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  2. ^ Competition and Consumer Act 2010 (Cth) s 31.
  3. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  4. ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
  5. ^ Competition and Consumer Act 2010 (Cth) s 102.
  6. ^ Competition and Consumer Act 2010 (Cth) s 102(1).