date:Jul 03, 2012
Bay, Umina Beach and Albion Park areas.
The ACCC also concluded that the acquisitions would result in a loss of choice for customers in the relevant local markets, as the differentiated offering of the targets, including their promotional offers, would be eliminated, Dr Walker said.
Section 50 of the Competition and Consumer Act 2010 prohibits mergers and acquisitions that would have the effect, or be likely to have the effect, of substantially lessening competition in a market.