The Merger reforms are a targeted attack on corporate agility to create businesses which respond to intense overseas business giants competition. Mergers are already a strenuous exercise in regulatory acrobatics as it is. I would not be true to myself if I did not oppose such a huge regulatory impost that would have very likely resulted in poorer business outcomes for businesses that so many Australians have benefited from. The laggard and dismal Coles Group supermarkets & Kmart were bought out through a merger, transforming both into modern and performing retailers, Coles now spun out. This is one rule for all, when really it is Banking, Aviation, Insurance, Telecommunications, and Transport Infrastructure Businesses that present the most intense competition deficit risks.
Lawyers and bankers will lose from the merger overhaul that attempts to tackle economic concerns that industry concentration has led to higher prices and fewer start-ups
