{"id":"F2025L01604","name":"Competition and Consumer (Notification of Acquisitions—Forms) Determination 2025","slug":"competition-and-consumer-notification-of-acquisitions-forms-determination-2025","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":443096,"registerId":"F2025L01604-fast-fetch-1775958020536","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Competition and Consumer (Notification of Acquisitions—Forms) Determination 2025","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\ntitle: Mergers forms instrument\n---\n\n![Commonwealth coat of arms of Australia](image.001.jpeg)\n\n \n\nCompetition and Consumer (Notification of Acquisitions—Forms) Determination 2025\n\nI, Andrew Leigh, Assistant Minister for Productivity, Competition, Charities and Treasury, make the following determination.\n\nDated   10 December 2025\n\n \n\nDr Andrew Leigh\n\nAssistant Minister for Productivity, Competition, Charities and Treasury\n\nParliamentary Secretary to the Treasurer\n\n \n\n \n\n \n\n \n\nContents\n\nPart 1—Preliminary\n\n1-1  Name\n\n1-2  Commencement\n\n1-3  Authority\n\n1-4  Interpretation\n\nPart 6—Forms and manner of determining applications\n\nDivision 1—Determination of forms, information and documents, and manner for determining applications\n\n6-1  Notification of proposed acquisition\n\n6-2  Public benefit application\n\nDivision 2—Notification of proposed acquisition: short form\n\nDivision 3—Notification of proposed acquisition: long form\n\nDivision 4—Application for public benefit determination: form\n\n \n\nPart 1—Preliminary\n\n \n\n1-1  Name\n\n  This instrument is the Competition and Consumer (Notification of Acquisitions—Forms) Determination 2025.\n\n1-2  Commencement\n\n (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.\n\n \n\n- Commencement information\n- Column 1 Column 2 Column 3\n- Provisions Commencement Date/Details\n- 1. The whole of this instrument Immediately after Schedule 2 to the Competition and Consumer (Notification of Acquisitions) Amendment (2025 Measures No. 1) Determination 2025 commences.\n\n\nNote: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.\n\n (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.\n\n1-3  Authority\n\n  This instrument is made under the Competition and Consumer Act 2010.\n\nNote: The Minister may determine forms for, or the documents that must accompany, a notification or public benefit application (see subsections 51ABY(5) and 51ABZQ(5) of the Act). The Commission may have regard to these requirements when considering whether the notification or application is false, incomplete or misleading (see subsection 51ABY(2), paragraphs 51ABY(4)(a) and (b), subsection 51ABZQ(2) and paragraphs 51ABZQ(4)(a) and (b) of the Act).\n\n1-4  Interpretation\n\n  This instrument incorporates, and is to be read together with, the Competition and Consumer (Notification of Acquisitions) Determination 2025.\n\nNote 1: An effect of this section is that the definitions contained in, and the context and purpose of, the Competition and Consumer (Notification of Acquisitions) Determination 2025 apply to this instrument as if this instrument were part of that instrument.\n\nNote 2: The structure and numbering of the remaining parts of this instrument adopt the structure and numbering from the Competition and Consumer (Notification of Acquisitions) Determination 2025 to assist the reader in reading the 2 instruments together.\n\nPart 6—Forms and the manner for determining applications\n\nDivision 1—Determination of forms, information and documents, and manner for determining applications\n\n6-1  Notification of proposed acquisition\n\n (1) Under paragraph 51ABY(5)(a) of the Act, the forms set out in Divisions 2 and 3 of this Part are determined for paragraph 51ABY(4)(a) of the Act, in relation to the notification of a proposed acquisition.\n\n (2) Under paragraph 51ABY(5)(b) of the Act, the information and documents required to accompany the forms, as set out in forms in Divisions 2 and 3 of this Part, are determined for paragraph 51ABY(4)(b) of the Act, in relation to the notification of a proposed acquisition.\n\n6-2  Public benefit application\n\n (1) Under paragraph 51ABZQ(5)(a) of the Act, the form set out in Division 4 of this Part is determined for paragraph 51ABZQ(4)(a) of the Act, in relation to a public benefit application.\n\n (2) Under paragraph 51ABZQ(5)(b) of the Act, the information and documents required to accompany the form, as set out in the form in Division 4 of this Part, are determined for paragraph 51ABZQ(4)(b) of the Act, in relation to a public benefit application.\n\nDivision 2—Notification of proposed acquisition: short form\n\nNote: See section 6-1.\n\n \n\n \n\nAUSTRALIAN GOVERNMENT\n\n \n\nAUSTRALIAN COMPETITION AND CONSUMER COMMISSION\n\n \n\nNOTIFICATION OF PROPOSED ACQUISITION: SHORT FORM\n\nNote 1: A notifying party must give the Commission enough information to determine that the acquisition may be put into effect or must not be put into effect. In making a determination, the Commission must have regard to the object of the Competition and Consumer Act 2010 and all relevant matters, including the interests of consumers.\n\nNote: 2: A notifying party should consider consulting with the Commission before making a notification to discuss the scope and range of information and documents needed in the context of the particular proposed acquisition to which the notification relates and for guidance about whether the short form or long form is appropriate for the notification of the acquisition.\n\nNote 3: Guidance material is available at https://www.accc.gov.au/.\n\n \n\nPARTIES TO THE ACQUISITION\n\nNote: In this form, a reference to a party to the acquisition is a reference to each notifying party of the acquisition, the target of the acquisition, and each connected entity of the notifying party and target.\n\n \n\n 1. Provide the information in the table below for each party to the acquisition:\n\n \n\n|  | Party | Legal representative (if any) |\n| --- | --- | --- |\n| Name | Party name (including business or trading name, if different):<br>Identifying number, if applicable (e.g. ABN, ACN or equivalent or unique identifier): | Law firm name: |\n| Contact details | Contact person:<br>Phone:<br>Email:<br>Address for service of documents?* [Y/N] | Contact person:<br>Phone:<br>Email:<br>Address for service of documents?* [Y/N] |\n| Role in the acquisition | [Principal party / Target / Other] | N/A |\n| Notifying party | [Y/N] | N/A |\n\n\n* A party may select ‘yes’ in response to either the party’s or the legal representative’s email address. By doing this, the party is agreeing to accept service of documents from the Commission in relation to this matter at the email address specified. If the response is ‘no’ to both options, the party must provide the Commission with an alternative email or other address for service.\n\n \n\nDETAILS OF ACQUISITION\n\n 2. Provide a non-confidential plain language summary of the acquisition, including:\n\n (a) a description of the parties, (including their legal and, if different, their business or trading names); and\n\n (b) the class code and title for each of the parties to the acquisition, by reference to ANZSIC; and\n\n (c) a description of the goods or services (including relevant brands) supplied by the parties, focussing on the goods and services most relevant to the acquisition and any vertical relationships or other overlaps between the parties; and\n\n (d) a description of the main industries in which the parties to the acquisition supply those goods and services; and\n\n (e) a description of what will be acquired and the process or transaction structure by which it will occur.\n\nNote: The non-confidential summary may be published on the acquisitions register.\n\n 3. Provide the following details in relation to the acquisition:\n\n (a) any further information required to give a complete response to question 2 that could not be provided due to it being a plain language summary, or due to the information being confidential;\n\n (b) the type of acquisition (for example, horizontal, vertical or conglomerate);\n\n (c) the commercial rationale for the acquisition;\n\n (d) the consideration received or receivable for all of the shares and assets being acquired as part of the contract, arrangement or understanding, pursuant to which the acquisition is to take place, in Australian dollars (A$), including its form and amount;\n\n (e) if applicable, the transaction value calculated for the purposes of the transaction value tests;\n\n (f) if the acquisition has, or will have, related filings in other foreign countries, details of each country, the related filings and the date notified (if applicable).\n\nNote 1: For paragraph (b)—an acquisition is:\n\n(a) a horizontal acquisition if the parties to the acquisition are suppliers or buyers, or potential suppliers or buyers, of the same or similar goods or services in a market; and\n\n(b) a vertical acquisition if the parties to the acquisition engage, or potentially engage, in activities in relation to goods or services at different functional levels (upstream or downstream) of the same vertical supply chain; and\n\n(c) a conglomerate acquisition if the parties to the acquisition are suppliers or buyers, or potential suppliers or buyers, of adjacent goods or services.\n\nNote 2: For paragraph (f)—if you consent to give a confidentiality waiver in relation to those other countries, provide signed confidentiality waiver document(s).\n\n 4. For each of the parties to the acquisition, complete for each of the 3 12-month financial reporting periods before the day this notification is made (in A$), detailing the months covered for each 12‑month period:\n\n \n\n| Entity<br>(including relationship to a party) | 12-month period (including months and years covered) | Australian revenue |\n| --- | --- | --- |\n|  |  |  |\n|  |  |  |\n\n\n \n\nNote 1: If the acquisition is of an asset, state the revenue attributable to the asset.\n\nNote 2: Monetary figures must be stated in A$. If figures are also provided in other currencies, those currencies must be clearly identified.\n\n \n\nPAST RELEVANT ACQUISITIONS\n\n 5. List any acquisitions put into effect by the parties during the 3 12-month financial reporting periods prior to the date this notification is made, excluding the following:\n\n (a) any acquisition where the consolidated Australian revenue relating to the acquisition is less than A$2 million;\n\n (b) any acquisition of targets which are not, or were not, involved (directly or indirectly) in the supply or acquisition of the same goods or services or goods or services that are substitutable for, or otherwise competitive with, each other (disregarding any geographical factors or limitations);\n\n (c) any acquisitions excluded under Division 2 of Part 2 of the Competition and Consumer (Notification of Acquisitions) Determination 2025.\n\n \n\n| Party | Entity acquired | Shares or assets acquired | Date acquisition was put into effect | Australian revenue |\n| --- | --- | --- | --- | --- |\n|  |  |  |  |  |\n|  |  |  |  |  |\n\n\nNote 1: For a period before 1 July 2025, include any transaction that would be an acquisition to which the acquisitions provisions of the Act would apply under section 51ABB of the Act if the Act were in force at that time.\n\nNote 2: Monetary figures must be stated in A$. If figures are also provided in other currencies, those currencies must be clearly identified.\n\nNote 3: If the acquisition is of an asset, state the revenue attributable to the asset.\n\nNote 4: The Australian revenue of acquisitions of previous shares or assets are to be ascertained as at their respective historical contract dates—see subsection 1-11(4) of the Competition and Consumer (Notification of Acquisitions) Determination 2025.\n\n \n\nCOMPETITIVE EFFECTS OF ACQUISITION\n\n 6. For each relevant good or service supplied or potentially supplied by the parties to the acquisition:\n\n (a) describe the good or service and the geographic areas in Australia where it is supplied; and\n\n (b) identify other key suppliers of the good or service in Australia; and\n\n (c) provide a relevant market definition or definitions, for the good or service, together with a statement of the parties’ reasons for identifying those definitions.\n\nNote 1: A good or service is a relevant good or service in relation to an acquisition if the parties to the acquisition:\n\n(a) supply, or potentially supply, goods or services that are the same as, or are substitutable for, the good or service in the same or a similar geographic area; or\n\n(b) supply the good or service at different levels in the supply chain for that good or service; or\n\n(c) supply other goods or services that are not in the same market or in the same supply chain as the good or service but are related in some other way to that good or service.\n\nExample: Goods targeting similar customers or that may be purchased or supplied together.\n\nNote 2: In determining the relevant market definition or definitions, parties should choose the definition or definitions that are most appropriate for the good or service having regard to the definition or definitions where the acquisition is likely to result in the largest market share or largest increment in market share based on the revenue, volume, or capacities of the parties.\n\nNote 3: If the acquisition is an acquisition of vacant land, the relevant market definitions should have regard to the acquirer’s potential use of the land.\n\n 7. For each relevant market definition, provide estimated market shares for each party to the acquisition and other key suppliers (calculated by reference to revenue and, if available, volume and capacity) for each of the 3 12-month financial reporting periods prior to the date this notification is made. Provide details on how those estimates were made (including how revenue, volume and capacity were calculated), including any assumptions made. Provide a machine-readable file containing the underlying data used in the calculations.\n\n \n\n| Market definition | Year | Supplier | Australian revenue (A$) | Market share (by revenue) (%) | Volume | Market share (by volume) (%) | Capacity | Market share (by capacity)<br>(%) |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- |\n|  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |\n\n\nNote: Monetary figures must be stated in A$. If figures are also provided in other currencies, those currencies must be clearly identified.\n\n \n\nCOMPETITOR AND CUSTOMER CONTACTS\n\n 8. Provide contact details for the following competitors and customers of each party to the acquisition for each relevant good or service supplied:\n\n (a) the top 5 closest competitors;\n\n (b) the top 5 largest customers based on spend in the last financial year;\n\n (c)  the 5 customers closest to the median spend of customers in the last financial year.\n\n  Details for each competitor or customer must include, to the extent possible, a specific contact person and full contact details including direct email address (for example, john.smith@xyz.com, not info@xyz.com) and direct telephone number (not a general contact number).\n\n \n\nADDITIONAL INFORMATION\n\n 9. Provide the following information:\n\n (a) Identify the subparagraph of paragraph 51ABX(1)(d) of the Act which applies to the notification of the proposed acquisition;\n\n (b) Does the contract, pursuant to which the acquisition is to take place, contain any goodwill protection provisions? [Y/N]\n\n  If yes, identify and provide details of the goodwill protection provisions, and describe why they are necessary for the protection of the purchaser in respect of the goodwill of the business.\n\n (c) Do you intend to make a request under paragraph 51ABZZL(1)(d) of the Act for the Commission to apply section 51ABZZL of the Act (surprise hostile takeovers) to the notification, for a confidential review? [Y/N]\n\nIf yes, provide the details of the statements to be made under subsection 51ABZZL(2) of the Act.\n\n (d) Is the acquisition, or part of the acquisition, a voluntary transfer of business (within the meaning of the Financial Sector (Transfer and Restructure) Act 1999)? [Y/N]\n\nIf yes, provide a copy of the certificate of transfer.\n\n \n\nDOCUMENTS REQUIRED\n\n 10. Provide final or most recent versions of all transaction documents, such as the sale and purchase agreement, heads of agreement, offer documents, and any other agreements between the parties related to the acquisition, including any supply or other ancillary agreements that are conditional on the acquisition.\n\n 11. For each party to the acquisition, provide the most recent audited financial reports and income statements that relate to the supply of the relevant goods or services.\n\n 12. Provide an organisation chart or diagram that shows the structure of ownership and control of the parties to the acquisition and related bodies corporate involved in the supply of the relevant goods or services, both before and after the acquisition. Include the full names and any applicable ACN/ABN/equivalent or unique identifiers, director names, and identify the nature of the ownership or control arrangements (for example, 51% or 100% ownership of share capital).\n\n \n\nDECLARATION\n\n \n\n 13. An authorised person of the notifying party of the acquisition must complete the following declaration. If there is more than one notifying party, a separate declaration must be completed for each notifying party.\n\n \n\n  I declare that, to the best of my knowledge and belief, the information given in response to questions in this form is true, correct and complete, that all estimates are identified as such and are the best estimates based on the underlying facts, that all opinions expressed are genuinely held and that complete copies of documents required by this form have been supplied. I am aware that giving false or misleading information to the Commission is a serious offence and criminal penalties apply.  \n\n\n………………………………   Signature of authorised person  Name:  Position:\n\nDivision 3—Notification of proposed acquisition: long form\n\nNote: See section 6-1.\n\n \n\n \n\nAUSTRALIAN GOVERNMENT\n\n \n\nAUSTRALIAN COMPETITION AND CONSUMER COMMISSION\n\n \n\nNOTIFICATION OF PROPOSED ACQUISITION: LONG FORM\n\nNote 1: A notifying party must give the Commission enough information to determine that the acquisition may be put into effect or must not be put into effect. In making a determination, the Commission must have regard to the object of the Competition and Consumer Act 2010 and all relevant matters, including the interests of consumers.\n\nNote: 2: A notifying party should consider consulting with the Commission before making a notification to discuss the scope and range of information and documents needed in the context of the particular proposed acquisition to which the notification relates and for guidance about whether the short form or long form is appropriate for the notification of the acquisition.\n\nNote 3: Guidance material is available at https://www.accc.gov.au/.\n\n \n\nPARTIES TO THE ACQUISITION\n\nNote : In this form, a reference to a party to the acquisition is a reference to each notifying party of the acquisition, the target of the acquisition, and each connected entity of the notifying party and target.\n\n \n\n 1. Provide the information in the table below for each party to the acquisition:\n\n \n\n|  | Party | Legal representative (if any) |\n| --- | --- | --- |\n| Name | Party name (including business or trading name, if different):<br>Identifying number, if applicable (e.g. ABN, ACN or equivalent or unique identifier): | Law firm name: |\n| Contact details | Contact person:<br>Phone:<br>Email:<br>Address for service of documents?* [Y/N] | Contact person:<br>Phone:<br>Email:<br>Address for service of documents?* [Y/N] |\n| Role in the acquisition | [Principal party / Target / Other] | N/A |\n| Notifying party | [Y/N] | N/A |\n\n\n* A party may select ‘yes’ in response to either the party’s or the legal representative’s email address. By doing this, the party is agreeing to accept service of documents from the Commission in relation to this matter at the email address specified. If the response is ‘no’ to both options, the party must provide the Commission with an alternative email or other address for service.\n\n \n\nDETAILS OF ACQUISITION\n\n 2. Provide a non-confidential plain language summary of the acquisition, including:\n\n (a) a description of the parties, (including their legal and, if different, their business or trading names); and\n\n (b) the class code and title for each of the parties to the acquisition, by reference to ANZSIC; and\n\n (c) a description of the goods or services (including relevant brands) supplied by the parties, focussing on the goods and services most relevant to the acquisition and any vertical relationships or other overlaps between the parties; and\n\n (d) a description of the main industries in which the parties to the acquisition supply those goods and services; and\n\n (e) a description of what will be acquired and the process or transaction structure by which it will occur.\n\nNote: The non-confidential summary may be published on the acquisitions register.\n\n 3. Provide the following details in relation to the acquisition:\n\n (a) any further information required to give a complete response to question 2 that could not be provided due to it being a plain language summary, or due to the information being confidential;\n\n (b) the type of acquisition (for example, horizontal, vertical or conglomerate);\n\n (c) the commercial rationale for the acquisition;\n\n (d) the consideration received or receivable for all of the shares and assets being acquired as part of the contract, arrangement or understanding, pursuant to which the acquisition is to take place, in Australian dollars (A$), including its form and amount;\n\n (e) if applicable, the transaction value calculated for the purposes of the transaction value tests;\n\n (f) if the acquisition has, or will have, related filings in other foreign countries, details of each country, the related filings and the date notified (if applicable).\n\nNote 1: For paragraph (b)—an acquisition is:\n\n(a) a horizontal acquisition if the parties to the acquisition are suppliers or buyers, or potential suppliers or buyers, of the same or similar goods or services in a market; and\n\n(b) a vertical acquisition if the parties to the acquisition engage, or potentially engage, in activities in relation to goods or services at different functional levels (upstream or downstream) of the same vertical supply chain; and\n\n(c) a conglomerate acquisition if the parties to the acquisition are suppliers or buyers, or potential suppliers or buyers, of adjacent goods or services.\n\nNote 2: For paragraph (f)—if you consent to give a confidentiality waiver in relation to those other countries, provide signed confidentiality waiver document(s).\n\n 4. Describe any existing or proposed commercial relationships between the parties to the acquisition that relate to the supply of relevant goods and services.\n\nNote: A good or service is a relevant good or service in relation to an acquisition if the parties to the acquisition:\n\n(a) supply, or potentially supply, goods or services that are the same as, or are substitutable for, the good or service in the same or a similar geographic area; or\n\n(b) supply the good or service at different levels in the supply chain for that good or service; or\n\n(c) supply other goods or services that are not in the same market or in the same supply chain as the good or service but are related in some other way to that good or service.\n\nExample: Goods targeting similar customers or that may be purchased or supplied together.\n\n 5. For each party to the acquisition, complete for each of the 3 12-month financial reporting periods before the day this notification is made (in A$), detailing the months covered for each 12‑month period:\n\n \n\n| Entity<br>(including relationship to a party) | 12-month period (including months and years covered) | Australian revenue |\n| --- | --- | --- |\n|  |  |  |\n|  |  |  |\n\n\nNote 1: If the acquisition is of an asset, state the revenue attributable to the asset.\n\nNote 2: Monetary figures must be stated in A$. If figures are also provided in other currencies, those currencies must be clearly identified.\n\n \n\nPAST RELEVANT ACQUISITIONS\n\n 6. List any acquisitions, put into effect by the parties during the 3 12-month financial reporting periods prior to the date this notification is made, excluding the following:\n\n (a) any acquisition where the consolidated Australian revenue relating to the acquisition is less than A$2 million;\n\n (b) any acquisition of targets which are not, or were not, involved (directly or indirectly) in the supply or acquisition of the same goods or services or goods or services that are substitutable for, or otherwise competitive with, each other (disregarding any geographical factors or limitations);\n\n (c) any acquisitions excluded under Division 2 of Part 2 of the Competition and Consumer (Notification of Acquisitions) Determination 2025.\n\n \n\n| Party | Entity acquired | Shares or assets acquired | Date acquisition was put into effect | Australian revenue |\n| --- | --- | --- | --- | --- |\n|  |  |  |  |  |\n|  |  |  |  |  |\n\n\nNote 1: For a period before 1 July 2025, include any transaction that would be an acquisition to which the acquisitions provisions of the Act would apply under section 51ABB of the Act if the Act were in force at that time.\n\nNote 2: Monetary figures must be stated in A$. If figures are also provided in other currencies, those currencies must be clearly identified.\n\nNote 3: If the acquisition is of an asset, state the revenue attributable to the asset.\n\nNote 4: The Australian revenue of acquisitions of previous shares or assets are to be ascertained as at their respective historical contract dates—see subsection 1-12(4) of the Competition and Consumer (Notification of Acquisitions) Determination 2025.\n\n \n\nCOMPETITIVE EFFECTS OF ACQUISITION\n\n 7. For each relevant good or service supplied or potentially supplied by the parties to the acquisition:\n\n (a) describe the good or service and the geographic areas in Australia where it is supplied; and\n\n (b) identify other key suppliers in Australia; and\n\n (c) provide a relevant market definition or definitions, in which the parties carry on business, together with a statement of the parties’ reasons for identifying those definitions; and\n\n (d) identify whether any of the parties have non-controlling shareholdings or cross directorships in companies that supply the same or similar goods or services as other parties to the acquisition (e.g. the acquirer has a minority shareholding or common directors in a company that is active in an area that another party to the transaction supplies).\n\nNote 1: In determining the relevant market definition or definitions, parties should choose the definition or definitions that are most appropriate for the good or service having regard to the definition or definitions where the acquisition is likely to result in the largest market share or largest increment in market share based on the revenue, volume or capacities of the parties.\n\nNote 2: If the acquisition is an acquisition of vacant land, the relevant market definitions should have regard to the acquirer’s potential use of the land.\n\n 8. For each relevant market definition, provide estimated market shares for each party to the acquisition and other key suppliers (calculated by reference to revenue, and, if available, volume and capacity) for each of the 3 12-month financial reporting periods prior to the date this notification is made. Provide details on how those estimates were made (including how revenue, volume and capacity were calculated), including any assumptions made. Provide a machine-readable file containing the underlying data used in the calculations.\n\n \n\n- Market definition Year Supplier Australian revenue (A$) Market share (by revenue) (%) Volume Market share (by volume) (%) Capacity Market share (by capacity)(%)\n\n\nNote: Monetary figures must be stated in A$. If figures are also provided in other currencies, those currencies must be clearly identified.\n\n \n\nBARRIERS TO ENTRY\n\n 9. Identify suppliers, if and where material, who have started to supply relevant goods or services during the 3 12-month financial reporting periods prior to the date this notification is made, and any such supplier expected to enter the market in the near future.\n\nNote: A supplier in a market is material if they hold a material market share or role in the relevant market. Typically, this will include suppliers with a market share of 5% or more.\n\n 10. Identify suppliers, if and where material, who have stopped supplying relevant goods or services during the 3 12-month financial reporting periods prior to the date this notification is made.\n\n 11. Describe factors influencing entry into the market for the supply of the relevant goods or services, including the following:\n\n (a) estimated total costs of entry and the time required to enter, the importance of economies of scale and scope, and of network effects, for production or distribution;\n\nExample: The cost of, and time required for, building or obtaining access to key production or supply assets, important technologies or distribution channels.\n\n (b) any barriers that may impact the costs or timeliness of entry, including:\n\n (i) access to inputs, including patents and intellectual property rights; and\n\n (ii) legal or regulatory requirements;\n\n (c) barriers that may impact expected revenues, including customer switching costs, or supply characterised by long term supply contracts.\n\n \n\nDATA\n\n 12. Identify any third-party datasets or reports used by the parties to the acquisition to estimate or analyse a party’s own and competitors’ market shares in the supply of the relevant goods or services, such as materials produced by industry bodies, research organisations, government or non-government organisations (public or otherwise). Explain how the parties use the data sets identified.\n\n \n\nCOMPETITOR AND CUSTOMER CONTACTS\n\n 13. Provide contact details for the following competitors and customers of each party to the acquisition for each relevant good or service supplied:\n\n (a) the top 5 closest competitors;\n\n (b) the top 10 largest customers based on spend in the last financial year;\n\n (c)  the 10 customers closest to the median spend of customers in the last financial year.\n\n  Details for each competitor or customer must include, to the extent possible, a specific contact person and full contact details including direct email address (for example, john.smith@xyz.com, not info@xyz.com) and direct telephone number (not a general contact number).\n\n \n\nADDITIONAL INFORMATION\n\n 14. Provide the following information as applicable:\n\n (a) Identify the subparagraph of paragraph 51ABX(1)(d) of the Act which applies to the notification of the proposed acquisition;\n\n (b) Does the contract pursuant to which the acquisition is to take place contain any goodwill protection provisions? [Y/N]\n\n  If yes, identify and provide details of the goodwill protection provisions, and describe why they are necessary for the protection of the purchaser in respect of the goodwill of the business.\n\n (c) Do you intend to make a request under paragraph 51ABZZL(1)(d) of the Act for the Commission to apply section 51ABZZL of the Act (surprise hostile takeovers) to the notification, for a confidential review? [Y/N]\n\nIf yes, provide the details of the statements to be made under subsection 51ABZZL(2) of the Act.\n\n (d) Is the acquisition, or part of the acquisition, a voluntary transfer of business (within the meaning of the Financial Sector (Transfer and Restructure) Act 1999)? [Y/N]\n\nIf yes, provide a copy of the certificate of transfer.\n\n 15. Provide any other information or documents that you consider to be relevant to, or may assist, the Commission’s assessment of the acquisition.\n\n \n\nDOCUMENTS REQUIRED\n\n \n\n 16. Provide final or most recent versions of all transaction documents, such as the sale and purchase agreement, heads of agreement, offer documents, and any other agreements between the parties related to the acquisition, including any supply or other ancillary agreements that are conditional on the acquisition.\n\n 17. For each party to the acquisition, provide the most recent audited financial reports and income statements that relate to the supply of the relevant goods or services.\n\n 18. Provide an organisation chart or diagram that shows the structure of ownership and control of the parties to the acquisition and related bodies corporate involved in the supply of the relevant goods or services, both before and after the acquisition. Include the full names and any applicable ABN/ACN/equivalent or unique identifiers, director names, and identify the nature of the ownership or control arrangements (for example, 51% or 100% ownership of share capital).\n\n 19. Provide each document in the possession, power or control of each of the parties that were prepared by or for, or received by, the Board or Board Committee (or equivalent body) or the shareholders’ meeting of the party within the 2 years prior to the date this notification is made (whether prepared internally or by an external consultant) that:\n\n (a) describes the rationale for the acquisition (including but not limited to the benefits of, or investment case for, the acquisition) for the purposes of assessing or making a decision in relation to the acquisition, and any record of the decision made; or\n\n (b) assesses or analyses the acquisition; or\n\n (c) assesses or analyses the valuation of the target for the purposes of the acquisition.\n\nThis includes, but is not limited to, any post-acquisition business plans or strategy (including integration plans and financial forecasts) and Information Memoranda prepared by or for the parties that specifically relate to the sale of the target. If no such Information Memoranda exist, provide the information or document(s) given to any of the parties that are meant to serve the function of an Information Memorandum.\n\n 20. Provide documents (including, but not limited to, reports, presentations, studies, internal analyses, industry/market reports or analysis, including customer research and pricing studies) in the possession, power or control of each of the parties that were prepared, received or published within the 2 years prior to the date this notification is made which:\n\n (a) have been prepared by or for, or received by, the Board or Board Committee of a party (whether prepared internally or by external consultants); and\n\n (b) describe or analyse the competitive conditions, market conditions, market shares, competitors, or the business plans of a party in relation to the relevant goods or services.\n\n 21.  Identify the documents provided in questions 16 to 20 that the parties consider most comprehensively support the responses given in this notification.\n\n \n\nAPPENDICES\n\n 22. If the acquisition is a horizontal acquisition, answer the additional questions at Appendix A.\n\nNote: An acquisition is a horizontal acquisition if the parties to the acquisition are suppliers or buyers, or potential suppliers or buyers, of the same or similar goods or services in a market.\n\n 23. If the acquisition is a vertical acquisition, answer the additional questions at Appendix B.\n\nNote: An acquisition is a vertical acquisition if the parties to the acquisition engage, or potentially engage, in activities in relation to goods or services at different functional levels (upstream or downstream) of the same vertical supply chain. For example, a manufacturer of a product, such as a processor of raw milk, and a retail or wholesale distributor of the processed product operate on the same vertical supply chain for that product. An electricity generator and an electricity retailer operate on the same vertical supply chain for electricity.\n\n 24. If the acquisition is a conglomerate acquisition, answer the additional questions at Appendix C.\n\nNote 1: An acquisition is a conglomerate acquisition if the parties to the acquisition are suppliers or buyers, or potential suppliers or buyers, of adjacent goods or services.\n\nNote 2: A good or service is an adjacent good or service in relation to another good or service if the goods or services are not in the same market or in the same supply chain but are related in some other way. \n\nExample: Goods targeting similar customers or that may be purchased or supplied together.\n\n \n\nDECLARATION\n\n \n\n 25. An authorised person of the notifying party of the acquisition must complete the following declaration. If there is more than one notifying party, a separate declaration must be completed for each notifying party.\n\n \n\n  I declare that, to the best of my knowledge and belief, the information given in response to questions in this form is true, correct and complete, that all estimates are identified as such and are the best estimates based on the underlying facts, that all opinions expressed are genuinely held and that complete copies of documents required by this form have been supplied. I am aware that giving false or misleading information to the Commission is a serious offence and criminal penalties apply.  \n\n\n………………………………   Signature of authorised person  Name:  Position\n\n \n\nAPPENDIX A:  HORIZONTAL ACQUISITIONS\n\nNote: This information must be provided if the acquisition is a horizontal acquisition.\n\n \n\n A1. Describe how competition works for each relevant good or service where the parties overlap in relation to the goods or services, including the following information:\n\n (a) the nature of competition, including whether the relevant entities compete on price, quality, innovation, or any other element of competition, as well as the form of that competition, such as whether sales are made on an arm’s length basis, or by negotiation or tender processes;\n\n (b) the closeness of competition between the parties and other key competitors. Include the extent to which the remaining competitors supply goods or services that are substitutable, including with reference to factors such as geographic location and the needs or preferences of customers and groups of customers;\n\n (c) if the relevant goods or services are differentiated—an explanation of the extent to which they are differentiated, such as in terms of unique product features and functions, customer loyalty, geographic presence, and any other quality or product characteristics;\n\n (d) how the parties price the goods or services, including with reference to the factors considered, whether uniform pricing is offered or there is discretionary pricing for particular customers or types of customers, and how often prices are reviewed;\n\n (e) the cost and time it takes for customers to switch suppliers, including with reference to any features that may prevent or hinder switching, such as exclusive long term contracts or termination fees;\n\n (f) if the relevant goods or services are characterised by bidding processes, data regarding customers won and lost by all parties for the 2 12-month financial reporting periods prior to the date this notification is made. Include in your response customer names, locations, types, volumes and revenue the customer accounts for, date of gain/loss and reason for gain/loss, and contract dates (other than data that is personal information within the meaning of the Privacy Act 1988);\n\n (g) if applicable, the following information in respect of all requests for tender responded to by the parties and bidding processes participated in during the 3 12-month financial reporting periods prior to the date this notification is made:\n\n (i) details of the bids made by each party;\n\n (ii) the outcomes of those processes.\n\nExample: Whether the bids were won or lost by each party, the identity of the winning bidder (if different and known to the parties), and the reasons for the outcome (if known).\n\n \n\nAPPENDIX B:  VERTICAL ACQUISITIONS\n\nNote: This information must be provided if the acquisition is a vertical acquisition.\n\n \n\n B1. Provide information and evidence on whether the merged entity would have the ability and incentive to engage in input or customer foreclosure post‑acquisition.\n\n  For input foreclosure, this includes the following:\n\n (a) a description of the input’s role in the vertical supply chain and its importance to any downstream good or service;\n\n (b) for each input identified in response to paragraph (a):\n\n (i) other key suppliers of that input available to competitors post‑acquisition; and\n\n (ii) total revenue earned by the parties of that input.\n\n  For customer foreclosure, this includes the following:\n\n (c) a description of the significance of the party being acquired as a customer of the upstream good or service (for example, to the scale of the merger parties’ business);\n\n (d)  any current or proposed exclusivity agreements that either of the parties to the acquisition is, or proposes to be, a party to and that relate to the goods and services.\n\n B2. For the supply of relevant goods or services where the merger parties have a vertical relationship, provide details of:\n\n (a) components of gross profit margins, including related details on revenues and each of the components of costs; and\n\n (b) whether the costs identified in response to paragraph (a) are fixed or variable; and\n\n (c) average upstream and average downstream prices for a relevant fiscal period.\n\n \n\nAPPENDIX C:  CONGLOMERATE ACQUISITIONS\n\nNote: This information must be provided if the acquisition is a conglomerate acquisition.\n\n \n\n C1. Provide information and evidence on whether the merged entity would be in a position post-acquisition to foreclose competitors including the following:\n\n (a) an explanation of current commercial or technical links between the relevant goods or services;\n\n (b) an explanation of the role of each of the adjacent goods or services, including whether they are important for competitors or customers;\n\n (c) identification of customers that purchase (or prefer to purchase) the goods or services together as a bundle or from the same supplier;\n\n (d) identification of any suppliers that provide the goods or services together.\n\nDivision 4—Application for public benefit determination: form\n\nNote: See section 6-2.\n\n \n\n \n\nAUSTRALIAN GOVERNMENT\n\n \n\nAUSTRALIAN COMPETITION AND CONSUMER COMMISSION\n\n \n\nAPPLICATION FOR PUBLIC BENEFIT DETERMINATION: FORM\n\n \n\nPARTIES TO THE ACQUISITION\n\nNote : In this form, a reference to a party to the acquisition is a reference to each notifying party of the acquisition, the target of the acquisition, and each connected entity of the notifying party and target.\n\n \n\n 1. Provide details of any changes to contact details since the acquisition was notified in the table below for each party to the acquisition:\n\n \n\n|  | Party | Legal representative (if any) |\n| --- | --- | --- |\n| Name | Party name (including business or trading name, if different):<br>Identifying number, if applicable (e.g. ACN, ABN or equivalent or unique identifier): | Law firm name: |\n| Contact details | Contact person:<br>Phone:<br>Email:<br>Address for service of documents?* [Y/N] | Contact person:<br>Phone:<br>Email:<br>Address for service of documents?* [Y/N] |\n| Role in the acquisition | [Principal party / Target / Other] | N/A |\n| Notifying party | [Y/N] | N/A |\n\n\n* A party may select ‘yes’ in response to either the party’s or the legal representative’s email address. By doing this, the party is agreeing to accept service of documents from the Commission in relation to this matter at the email address specified. If the response is ‘no’ to both options, the party must provide the Commission with an alternative email or other address for service.\n\n \n\nSUMMARY OF PUBLIC BENEFITS AND DETRIMENTS\n\n \n\n 2. Provide a non-confidential summary of the public benefits and detriments likely to result from the acquisition (up to 5 pages).\n\nNote: The non-confidential summary, or part of it, may be disclosed by the Commission to facilitate consultation.\n\n \n\nPUBLIC BENEFITS\n\n 3. Identify any benefits to the public that would be likely to result from the acquisition.\n\n 4. Provide information and evidence, including data (if available), supporting each public benefit identified in response to question 3, including the following:\n\n (a) the extent to which the public benefit is anticipated to arise because of the acquisition and why it would be unlikely to arise without the acquisition;\n\n (b) the likelihood that the public benefit will be realised;\n\n (c) an estimate of the timeframe over which the public benefit is likely to be realised;\n\n (d) an estimate of the number and the identity of the likely beneficiaries of the public benefit and how widely it is likely to be shared in the community;\n\n (e) a description, including to the extent possible an estimate, of the size of the public benefit and the basis on which it has been assessed;\n\n (f) any factors that may limit the size of the benefit resulting from the acquisition;\n\n (g) an estimate of any costs that will be incurred to realise the public benefit.\n\n \n\nPUBLIC DETRIMENTS\n\n 5. Identify any known or reasonably ascertainable detriments to the public, apart from the harm to competition, that would be likely to result from the acquisition, together with a description of the scale of these detriments including estimates (if available).\n\n \n\nWEIGHING PUBLIC BENEFITS AND DETRIMENTS\n\n 6. Provide detailed reasons why the acquisition would be likely to result in a benefit to the public that would, in all the circumstances, outweigh the detriment to the public that would be likely to result from the acquisition.\n\n \n\nCONTACT DETAILS FOR INTERESTED PARTIES\n\n 7. Provide contact details for:\n\n (a) any known, or reasonably ascertainable, persons, additional to the parties to the acquisition identified in the notification, who are likely to be impacted by, or may have an interest in commenting on, the public benefits and detriments that would be likely to result from the acquisition; and\n\n (b) for any class of persons mentioned in paragraph (a)—if possible, a representative body for that class of persons.\n\n  Contact details must include, to the extent possible, a specific contact person and full contact details including direct email address (for example, john.smith@xyz.com, not info@xyz.com) and direct telephone number (not a general contact number).\n\n \n\nADDITIONAL INFORMATION AND DOCUMENTS REQUIRED\n\n \n\n 8. Provide any other information or documents that you consider to be relevant to, or may assist, the Commission’s consideration of the public benefit application.\n\n 9. Provide final or most recent versions of:\n\n (a) all transaction documents, such as the sale and purchase agreement, heads of agreement, offer documents, and any other agreements between the parties related to the acquisition, including any supply or other ancillary agreements that are conditional on the acquisition, not previously provided to the Commission; and\n\n (b) any such transaction documents previously provided to the Commission that have subsequently been updated.\n\n \n\nDECLARATION\n\n \n\n 10. An authorised person of the notifying party of the acquisition must complete the following declaration. If there is more than one notifying party, a separate declaration must be completed for each notifying party.\n\n \n\n  I declare that, to the best of my knowledge and belief, the information given in response to questions in this form is true, correct and complete, that all estimates are identified as such and are the best estimates based on the underlying facts, that all opinions expressed are genuinely held and that complete copies of documents required by this form have been supplied. I am aware that giving false or misleading information to the Commission is a serious offence and criminal penalties apply.  \n\n\n………………………………   Signature of authorised person  Name:  Position:\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function indicated by its title and authority provision—it determines forms for merger notifications. It does not expand beyond this administrative purpose."},"complexity_factors":["Extensive cross-referencing to the Competition and Consumer Act 2010 and the Competition and Consumer (Notification of Acquisitions) Determination 2025","Multiple conditional pathways (short form vs long form vs public benefit application)","Type-specific appendices (horizontal, vertical, conglomerate acquisitions) with different information requirements","Numerous defined terms incorporated by reference from another instrument","Detailed documentary requirements including historical financial data, board papers, and market analyses spanning 2-3 year periods","Specific formatting requirements for data submission (machine-readable files for market share calculations)","Nested definitions within form notes (e.g., definitions of 'relevant goods or services' appearing within individual questions)"],"plain_english_summary":"This instrument creates the official notification forms companies must use to tell the ACCC about proposed takeovers and mergers: a short form for simpler deals, a long form for complex transactions, and a public‑benefit exemption form. It affects large acquirers, their advisers, and the ACCC’s review process. By making Australia’s 2025 mandatory notification regime operational, the forms specify extensive market, financial and strategic information and carry criminal penalties for false or misleading disclosures."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"flash_summary":{"complexity_score":7,"scope_assessment":{"changed":false,"description":"This instrument implements the Act’s existing power to determine forms and required documents; it does not expand the statutory scope of which acquisitions are notifiable. It primarily operationalises the notification and public benefit processes by specifying the content and format of filings and by setting a detailed evidentiary standard. Compared with the underlying legislative power, it increases procedural detail and compliance burden (for example, machine‑readable data, named contact lists, and Board papers), but it does not materially change which transactions fall within the mergers regime or alter substantive assessment criteria in the Act."},"complexity_factors":["Multiple cross-references to the Competition and Consumer Act 2010 and to the separate Competition and Consumer (Notification of Acquisitions) Determination 2025 (see ss 1-3, 1-4, 6-1, 6-2).","Three distinct form tracks (short notification, long notification, public benefit application) with different data/document requirements (Divisions 2–4).","Extensive data requests: multi-year revenue, market-share estimates by revenue/volume/capacity, and a mandatory machine‑readable file (short form question 7; long form question 8).","Large document set required: full transaction documents, audited financials, organisation charts, Board/committee papers and internal analyses (long form questions 16–21).","Conditional appendices for horizontal, vertical and conglomerate acquisitions with sector-specific analytical requirements (Appendices A–C).","Numerous nested exceptions and historical rules (e.g. exclusions for prior acquisitions, thresholds such as A$2 million, references to dates prior to 1 July 2025) creating conditional logic across sections (Past Relevant Acquisitions provisions).","Detailed contact information obligations for competitors and customers (short form question 8; long form question 13; public benefit form question 7) requiring direct contact details rather than generic addresses.","Legal declaration obligations and criminal penalties for false or misleading information at the end of each form, heightening legal risk for signatories.","Notes and recommended processes encouraging pre-notification consultation with the Commission and confidentiality waivers for foreign filings — operationally important but not prescriptive, producing discretionary steps. "],"plain_english_summary":"**What this instrument does (mechanics)**\n\n- It prescribes the official forms and the specific information and documents that parties must provide to the Australian Competition and Consumer Commission (the Commission) when notifying a proposed merger or acquisition, and when applying for a public benefit determination. (See section 6-1 and 6-2.)\n- There are three main templates: a short notification form (Division 2), a long notification form (Division 3) and a public benefit application form (Division 4). The instrument tells parties what to put in each form, the supporting documents to supply, and when particular appendices (horizontal, vertical, conglomerate) must be completed. (Divisions 2–4 and Appendices A–C.)\n- The instrument incorporates definitions and context from the companion Competition and Consumer (Notification of Acquisitions) Determination 2025, so terms and thresholds used in these forms come from that Determination. (Section 1-4.)\n\n**Who this affects**\n\n- The notifying parties to an acquisition (acquirers), the target, and connected entities of either. Those businesses must prepare and submit the forms and supporting material. (Forms: Parties to the acquisition sections.)\n- Legal advisers and advisers preparing merger documentation, financial reports, board materials and market analyses – because the forms require many of those documents. (See the \"Documents required\" items.)\n- Third parties asked to provide contact details (competitors and customers) because the forms require detailed contact lists and information for market checks. (Short form question 8; Long form question 13; Public benefit form question 7.)\n- The Commission and its staff, who receive structured datasets, machine‑readable files and detailed internal documents to assess competitive effects and public benefits. (Various document and data requirements, e.g. long form question 7 and 8.)\n\n**Why it matters (practical effects and decision-making roles)**\n\n- The Commission uses the supplied information to decide under the Act whether an acquisition may be put into effect or not. The Minister has power to determine forms; this instrument is the exercise of that power (see section 1-3 and notes). The Commission may treat incomplete or misleading notifications as non-compliant. (Notes to sections 1-3 and 6-1.)\n- Substantively, the instrument does not change which transactions fall within the mergers regime; it sets the operational standards for how those transactions are notified and assessed. It sets what information the Commission will consider and expect when making its competition assessment. (See section 6-1 and incorporation at 1-4.)\n\n**Key requirements that change behaviour or impose costs**\n\n- Data and document intensity: Parties must supply multi-year Australian revenue figures, market-share estimates (by revenue, volume and capacity), machine‑readable underlying data, detailed organisational charts, audited financials and full transaction documents (e.g. sale and purchase agreement). (Short form: questions 4, 7, 10–12; Long form: questions 5, 8, 16–21.)\n- Market contacts: Parties must provide direct contact details for numerous competitors and customers (short form: top 5 competitors, top 5 customers and 5 median customers; long form: top 5 competitors, top 10 customers and 10 median customers). These are specific requests for named individuals and direct emails/phones. (Short form question 8; Long form question 13.)\n- Detailed internal materials: For long-form notifications the instrument requires Board/committee papers, internal analyses, valuation materials and integration plans prepared or received in the prior two years that relate to the acquisition. (Long form questions 19–21.)\n- Tailored analysis: Appendices require sector-relevant analyses—how competition works (Appendix A), ability/incentive to foreclose suppliers or customers (Appendix B), or bundling/links between adjacent products (Appendix C).\n- Legal exposure: An authorised officer must declare the accuracy of the information; false or misleading information is a criminal offence (Declaration sections at the end of each form).\n\n**Costs, incentives and trade-offs**\n\n- Who pays: The immediate financial and administrative costs fall on notifying parties (preparing market studies, extracting machine‑readable data, collating Board papers, and obtaining legal/consultant assistance). Third parties named as contacts may incur inconvenience from Commission outreach.\n- Incentives: The level of required detail creates an incentive for parties to use pre-notification engagement with the Commission (the forms explicitly recommend consulting the Commission to choose short vs long form), and to consider confidentiality waivers where filings exist in overseas jurisdictions. (Notes to the forms; questions on confidentiality and waivers.)\n- Trade-offs and opportunity costs: The information depth improves the Commission’s ability to assess competitive effects and public benefits but raises compliance costs and risk of disclosure for commercially sensitive material. Parties may negotiate redactions or confidential review processes, but providing comprehensive internal documents (including Board papers) reduces the ability to withhold information and increases preparation time.\n\n**Implementation and compliance risks**\n\n- Burden and timing risk: The instrument’s requirements are time-consuming (e.g. assembling audited financials, Board documents, machine‑readable market data) and could delay deal timetables if parties need to rework or redact materials for confidentiality.\n- Bureaucratic discretion: While the forms standardise information requests, the Commission retains assessment discretion—how it weighs evidence and which additional materials it may ask for is not prescribed in the forms. (The forms are descriptive of required inputs, not of assessment standards beyond the Act.)\n- Confidentiality friction: The forms anticipate confidentiality waivers and confidential review requests (e.g. surprise hostile takeover requests), but parties may still be reluctant to disclose sensitive competitive materials, creating negotiation and process risks.\n\n**Concrete behavioural effects**\n\n- Merging parties will need to invest in compiling quantified market shares (including machine‑readable source data), mapping competitors and customers to named contacts, and assembling internal deliberative documents to satisfy the long form where applicable (see Division 3 and questions 16–21).\n- Parties may elect short-form filing only where the acquisition and the market overlap are small or straightforward; larger or more complex transactions will more frequently be required (or elect) to use the long form and the appendices.\n\n**Sections to note**\n- Instrument basis and interpretation: 1-3 (authority), 1-4 (incorporation of the companion Determination).\n- Core prescription of forms and required documents: 6-1 and 6-2; Divisions 2–4 contain the short form, long form and public benefit form respectively.\n- Key evidence/document requests: Long form questions 16–21; Appendices A–C set out required sector-specific analysis.\n\nOverall: this instrument operationalises the Act’s notification and public benefit processes by specifying detailed, structured forms and attachment lists. That increases the Commission’s access to data for merger assessment and shifts substantial preparation and disclosure costs onto notifying parties, while preserving the Commission’s substantive assessment discretion under the Act."}},"importantCases":[],"_links":{"self":"/api/acts/competition-and-consumer-notification-of-acquisitions-forms-determination-2025","history":"/api/acts/competition-and-consumer-notification-of-acquisitions-forms-determination-2025/history","analysis":"/api/acts/competition-and-consumer-notification-of-acquisitions-forms-determination-2025/analysis","conflicts":"/api/acts/competition-and-consumer-notification-of-acquisitions-forms-determination-2025/conflicts","importantCases":"/api/acts/competition-and-consumer-notification-of-acquisitions-forms-determination-2025/important-cases","documents":"/api/acts/competition-and-consumer-notification-of-acquisitions-forms-determination-2025/documents"}}