Acquirer: Ancient Order of Foresters in Victoria Freindly Society Limited; Target: Ausdef Ltd
Summary
On 31 May 2004, APRA informed the ACCC of the proposed transfer of Annuity Benefit Fund Number 1 from Ausdef Ltd to Ancient Order of Foresters in Victoria Friendly Society.
Outcome
Not Opposed
Date completed
15th June 2004
Merger type
Asset Sale
Guidelines thresholds
Below
Imports about 10%
No
Market definition
For competition assessment purposes the relevant product market in this instance was treated as a broadly defined market for insurance services. Even on a narrower definition it appears that a substantial lessening of competition is unlikely.
Competition analysis
The acquisition does not cross the ACCC's threshold for either the exercise of unilateral market power or combined market power.
