Competition and Consumer Amendment (Divestiture Powers) Bill 2024
Amends the Competition and Consumer Act 2010 to enable the Court, following an application by the Australian Competition and Consumer Commission, to give directions for the purpose of securing a reduction in a corporation’s power in, or share of, the market.
Summary from the official bill homepage.
Progress
| Date | Step |
|---|---|
| Senate | |
| 20 Mar 2024 | Introduced and read a first time |
| 20 Mar 2024 | Second reading moved |
| 27 Mar 2024 | Second reading debate |
| 26 Jun 2024 | Second reading debate |
| 26 Jun 2024 | Second reading negatived |
| 27 Aug 2025 | Restored to Notice Paper |
Official record: bill homepage at aph.gov.au, full text and documents on ParlInfo.