From www.klgates.com: On March 28, 2025, the Australian Government released a draft Determination outlining the mandatory merger clearance regime, detailing notification requirements based on the turnover of both acquirers and targets, with specific thresholds for acquisitions.

The draft also clarifies exceptions to notification, including certain land acquisitions and transactions under liquidation or administration, while specifying that major supermarkets like Coles and Woolworths require notification for specific acquisitions.

The ACCC concurrently published draft merger process guidelines to guide compliance with these new provisions.