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Thursday, 9 December 1971
Page: 4541

Mr Whitlam asked the Minister representing the Attorney-General, upon notice:

(1)   Did Attorney-General Barwick propose that mergers should be investigated under restrictive trade practices legislation and should be held up for a certain period if more than half a million dollars is involved.

(2)   How many of these mergers have taken place in each year since then.

Mr N H Bowen (PARRAMATTA, NEW SOUTH WALES) - The Attorney-General has provided the following answer to the honourable member's question:

(1)   Proposals for the control of such mergers were made on behalf of Sir Garfield Barwick on 6th December 1962 (Hansard pages 3102-3113). In having the proposals put forward Sir Garfield Barwick made it clear that he was seeking the views of interested parties and of members of the public generally so us* to enable the Government to make its final decisions on the matter. In the light of the representations received the proposals were not proceeded with for the reasons stated on 19th' May 1965 by the then Attorney-General when introducing the Trade Practices Bill 196.1 (Hansard page 1656).

(2)   Statistical information about such mergers is not available.

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