Australia’s tech industry groups are divided on the impact stricter merger laws will have on the incentive to grow innovative startups in Australia and attract venture capital investment.
Among the remaining concerns held by one of the two groups that the new regime will make it difficult for tech startups to be sold to larger companies — a key incentive for venture capital.
Introduced to Parliament on Thursday, the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill will require the competition watchdog to look at all deals that meet specified monetary thresholds, including a series of deals that could collectively lessen competition.
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