Document ID: chunk:federal_register_of_legislation:C2024A00137:clause:1_97
Version: federal_register_of_legislation:C2024A00137
Segment Type: clause
Provision Reference: sch 1 cl 97
Character Range: 180560–181558

97  Subsection 50(3)
Repeal the subsection, substitute:
 (3) For the purposes of this section, an acquisition may have the effect or be likely to have the effect of substantially lessening competition in a market if the acquisition would, in all the circumstances, have the effect, or be likely to have the effect, of creating, strengthening or entrenching a substantial degree of power in the market.
 (3A) Subsections 46(3) to (8) have effect for the purposes of this section as if:
 (a) a reference in those subsections (other than in paragraph 46(8)(b)) to section 46 included a reference to this section; and
 (b) a reference in those subsections to a market were a reference to a market (within the meaning of this section).
Note: Subsections 46(3) to (8) contain matters relevant to working out whether a corporation has a substantial degree of power in a market.
 (3B) To avoid doubt, subsection (3) does not affect the meaning of substantially lessening competition outside this section.