Section 93: Commission to approve mergers

(1) Subject to the notification threshold to be determined from time to time as set out in this Part, a proposed merger shall not be implemented unless it has first been notified to and approved by the Commission.
(2) The Commission shall, by regulations, determine-
(a) a threshold of annual turnover for the purposes of determining the categories of mergers contemplated under section 92 (4) of this Act ; and
(b) a method for the calculation of annual turnover to be applied in relation to the threshold determined under paragraph (a).
(3) Prior to making a deterrnination contemplated in subsection (2), the Commission shall publish, in the Federal Gazette, a notice-
(a) setting out the proposed threshold and method of calculation for purposes of this section ; and
(b) inviting written submissions on that proposal.
(4) Within 60 days after publishing a notice as required under subsection (3), the Commission shall publish, in the Federal Gazefte, a notice setting out-
(a) the threshold and method of calculation for the purposes of this section ; and
(b) the effective date of the threshold.