The Business Council of Australia (BCA) welcomes the opportunity to provide feedback on the exposure draft and explanatory memorandum that sets out the government's proposed merger control regime.

The BCA notes the intent of merger reform to deliver a faster, stronger and simpler system to deliver a more competitive economy.

The design and execution of the Australian Government's merger reforms are critically important to all Australians. A well-functioning regime will foster confidence in investing in Australian business with appropriate guardrails to prevent the degradation of competition. A poorly functioning regime will lead to a loss of confidence in investing in Australia, increase regulatory and transactional complexity, and limit Australia's economic growth.

Read our full submission here.