The Property Council of Australia (the Property Council) welcomes the opportunity to comment on the Australian Competition and Consumer Commission’s (ACCC) draft merger assessment guidelines.
The Property Council is the peak body for owners and investors in Australia’s $670 billion property industry. We represent owners, fund managers, superannuation trusts, developers, and investors across all four quadrants of property investments: debt, equity, public and private.
The property industry is the country’s second largest employer, providing over 1.4 million jobs to Australians, representing a direct gross domestic product (GDP) contribution of $232 billion, or 10.6 per cent of total GDP, as well as 18.2 percent of total tax revenues totalling $129.6 billion.
