The Australian Competition Tribunal is an independent statutory review body, legislated by part III of the ''

Competition and Consumer Act 2010 The ''Competition and Consumer Act 2010'' (CCA) is an Act of the Parliament of Australia. Prior to 1 January 2011, it was known as the ''Trade Practices Act 1974'' (TPA). The Act is the legislative vehicle for competition law in Australia, an ...

.'' The Tribunal was originally established under the ''Trade Practices Act 1965'' (Cth). Its members consist of judges drawn from the

Federal Court of Australia The Federal Court of Australia is an Australian superior court of record which has jurisdiction to deal with most civil disputes governed by federal law (with the exception of family law matters), along with some summary (less serious) and indic ...

. The Tribunal reviews merger authorisation determinations made by the

Australian Competition and Consumer Commission The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It was established in 1995 with the amalgamation of the Australian Tra ...

(ACCC).

Role

Mergers and acquisitions are an important aspect of economies. The primary function of the Tribunal is to hear applications for the review of determinations made by the ACCC, and is empowered to: * review the grant or refusal by the ACCC in granting or refusing authorisation for a company merger or acquisition * perform the functions and powers of the ACCC in conducting such a review.''Competition and Consumer Act 2010'' (Cth) s 102(1).

References

{{Reflist Competition law Consumer protection in Australia