Chalmers embarks on legacy-building merger reforms
How the treasurer’s merger reforms end up working in practice will be known in just a few years. Whether they achieve their economic objective will not be known for decades.
It will be many years before we know whether Treasurer Jim Chalmers’ overhaul of merger approvals achieves its stated objective.
The problem that needs to be fixed, according to the treasurer, is too many sectors of the economy have become dominated by a small group of large companies that exert market-distorting power.
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