Ensures that certain acquisitions by dominant firms are not captured by s 50.

Section 3
Mergers and other acquisitions

Section 50 of the Principal Act is amended by inserting before sub-section (3) the following sub-section:

"(2C) This section does not apply to the acquisition by a person of any shares in the capital, or any assets, of a body corporate where-

(a) before the acquisition, the body corporate was in a position to dominate a market for goods or services; and

(b) as a result of the acquisition, the person is not, and is not likely to be, in a stronger position to dominate that market.".

View Second Reading speech by Attorney-General, Mr Lionel Bowen, on 19 March 1986