Bank of Queensland Limited - proposed acquisition of Mackay Permanent Building Society
Type of assessment
Informal Review
Reference
29621
Acquirer(s)
Bank of Queensland Limited
Target(s)
Mackay Permanent Building Society
Industry
Banking
Summary
BoQ proposes to acquire MPBS.
Outcome of assessment
Not opposed
Total review days *
1
Commenced public review
13th September 2007
Date completed
13th September 2007
Market definition
In any market for banking and/or insurance service, however defined, no substantial lessening of competition is likely due to competition from many other players of various sizes, particularly given the minimal increment in market share as a result of the transaction.
Competition analysis
No substantial lessening of competition is likely due to competition from many other players of various sizes, particularly given the minimal increment in market share as a result of the transaction.
Review timeline
Date
Event
13th September 2007
ACCC commenced review under the Merger Review Process Guidelines.
13th September 2007
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
