Regional Policy in Merger Assessments
Kelly asked whether the regional policy used to assess mergers would be clearly stated and concise enough for businesses to apply. The Minister said clarity might require more than a short statement and invited a specific question.
: Could we anticipate that when the operations of what the Minister calls reactivating all those scrutinies are completed the Government will have what can be described as a regional policy which will be capable of concise statement on half a sheet of paper? I have a special reason for asking that and I will explain in a moment when I hear the Minister's reply.
Comment on this
: I do not know about putting it on a half sheet of paper. My recollection is that we put the 1972 statement on about four or five sheets of paper.
Comment on this
: Is the Minister aware that the House passed the Committee Stage of a Bill to regulate the formation of mergers, amalgamations and takeovers in which one of the criteria on which this control will be exercised is the impact of a proposed merger on national regional policy? I asked the Minister what was the national regional policy and he referred me to this Minister. I now want to know if that policy, when it emerges, will be concise enough to make any sense to a businessman.