Bill C-248
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1st Session, 37th Parliament, 49-50 Elizabeth II,
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House of Commons of Canada
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BILL C-248 |
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An Act to Amend the Competition Act
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| R.S., 1985, c.
C-34
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| added, R.S., c.
19 (2nd
Supp.), s. 45
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1. Section 96 of the Competition Act is
amended by adding the following after
subsection (3):
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| Interpreta- tion
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(4) For the purpose of subsection (1), gains
in efficiency cannot offset the effects of a
lessening or prevention of competition unless
the majority of the benefits derived or to be
derived from such gains in efficiency are
being or are likely to be passed on to
customers within a reasonable time in the
form of lower prices.
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| Non-applica- tion of section
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(5) This section does not apply where, after
the transaction has been completed, the merg
er or proposed merger, will result or is likely
to result in the creation or strengthening of a
dominant market position.
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