Applications by Australia and New Zealand Banking Group Ltd and Suncorp Group Ltd

COURT OR TRIBUNAL

Australian Competition Tribunal

DATE FILED (OR FIRST HEARING DATE)

04/08/2023

LITIGATION TYPE

Corporate Accountability

SUBJECT MATTER

Corporate form

REVIEW TYPE

N/A

SUMMARY

The case concerns a decision by the ACCC not to authorise an acquisition by ANZ of Suncorp-Metway Limited from SGL [1]. “The Tribunal also accepts that (a) SGL may well be better placed to confront the challenges posed by increasing natural disasters, attributable to climate change, without the distraction of operating a second-tier bank”.

CASE DOCUMENTS

Applications by Australia and New Zealand Banking Group Ltd and Suncorp Group Ltd [2024] ACompT 1