The Australian Competition and Consumer Commission (ACCC) has applied to the Federal Court for a judicial review of the Tabcorp and Tatts merger approval.
Last month the Australian Competition Tribunal granted authorization for the deal to go ahead, but the ACCC is claiming there are grounds to review that decision.
“The ACCC is alleging the Tribunal made three reviewable errors,” ACCC Chairman Rod Sims said earlier this week.
“It is therefore seeking clarification of these points of law which are central to the Tribunal’s assessment of Tabcorp’s proposed acquisition of Tatts.
“We are seeking judicial review because we believe these legal principles are fundamental not only to the Tabcorp decision but to all future merger and non-merger authorisation assessments.”
Tabcorp has said that it will oppose the ACCC’s application and will pursue an expedited hearing.
Full Content: ACCC
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