Coalition Backs Merger Law Reform but Raises Concerns About Red Tape, Unneeded Costs

Shadow Treasurer Angus Taylor cautions that while the bill may tackle competition issues, it risks adding red tape, compliance costs, and stifling innovation.

Angus Taylor MP at a press conference at Parliament House in Canberra, Australia on Feb. 17, 2022. AAP Image/Mick Tsikas

The Coalition has voiced cautious support for the government’s proposed overhaul of Australia’s merger laws.

Shadow Treasurer Angus Taylor warned that while the bill may address competition issues, it risks increasing red tape, imposing unnecessary compliance costs on smaller businesses, and deterring innovation if not carefully implemented.