Cashcard Australia Limited & Bank of China (Australia) Limited - Authorisation - A91119

Summary

Cashcard Australia and the Bank of China (Australia) (the applicants) propose to enter into an unincorporated joint venture to establish, market and promote a sub-network of ATMs owned and developed by the applicants and any future members of the network. The applicants propose that members of the network will agree not to directly charge cardholders of other members of the network for transactions undertaken at any ATMs owned by the member.

The application is also expressed so as to apply future parties to the proposed arrangements.

On 25 February 2009 the ACCC granted interim authorisation to the arrangements.

On 4 June 2009 the ACCC authorised the arrangements for 5 years.

Applicant(s)

  • Bank of China (Australia) Limited
  • Cashcard Australia Limited

Authorisation number(s)

  • A91119