From www.klgates.com: Australia will implement a new mandatory merger control notification regime starting January 1, 2026, with transitional provisions effective July 1, 2025, requiring private equity funds to notify the ACCC of acquisitions that cause a change of control exceeding certain monetary thresholds.

Updates to the foreign investment framework will affect foreign private equity funds and require careful legal compliance, with the Treasury’s new Foreign Investment Portal set to enhance the application process.

The ACCC will have new powers regarding goodwill protection provisions in sale agreements, impacting how noncompete clauses are treated under the upcoming regulations.