Last week the Albanese Government released draft legislation to reform Australia's merger rules and grant new powers to the ACCC. The government says the new reforms will make the merger approval system "faster, stronger, simpler, more targeted and more transparent".

But multiple leading Australian venture capitalists alongside competition lawyers, corporate investors and local startups have criticised the bill, saying the government did not consult widely enough, and they will stifle innovation and competition in Australia.

• Guest: Paul Naphtali, Co-founder and CEO, Australian venture capital firm Rampersand