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
Other
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
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