• PNG Business News

The Independent Consumer and Competition Commission release three important policy documents

Among them is the Business Acquisition Review Guidelines which explains the processes of authorisation and clearance under the ICCC Act 2002.

The document explains legal requirements and also makes businesses aware of the processes that ICCC is required to follow when accessing and determining applications.

The other two documents are the the Leniency Policy and the Confidentiality Guidelines for use by stakeholders and the public.

Commissioner Paulus Ain said in the Post Courier recently that the documents were important and informative for businesses to appraise themselves about the prohibitions on anti-competitive business acquisitions under the ICCC Act.

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