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Late last year, the Australian watchdog issued a preliminary report While the agency recommends greater scrutiny and regulatory oversight, it stopped short of suggesting divestment.
In February, Google submitted a response to the Australian Competition and Consumer Commission's findings.
"The Preliminary Report bases many of its recommendations on the mistaken premise that Google has market power in search, search advertising, and news media referrals," the tech giant said, claiming that it faces "fierce competition."
Tech behemoths such as Google and Facebook are now facing increased scrutiny of regulators around the world.
U.S. Sen. Elizabeth Warren, a Democratic presidential hopeful, unveiled several big tech companies, including Google, Amazon and Facebook. Lawmakers in the U.S. and in the U.K. have gone after the social network following a scandal that has been improperly collected from its users.
Meanwhile, the European Union last year fined Google $ 5 billion for the abuse of the Android mobile operating system.
-CNBC's Elizabeth Schulze contributed to this report.
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