Summary
Industry Committee sought merger authorisation to amalgamate ownership of BPAY Group Holding Pty Ltd, eftpos Payments Australia Limited and NPP Australia Limited under a new entity (AP+) by way of share acquisition.
On 4 June 2021, the ACCC released a Statement of Preliminary Views. This document summarises issues raised during the consultation process and outlines the ACCC’s preliminary views about the proposed amalgamation and issues about which it sought further information.
On 5 August 2021, Industry Committee offered a draft court-enforceable undertaking to be given by AP+ pursuant to section 87B of the Competition and Consumer Act 2010 that included obligations relating to the availability of eftpos and least cost routing.
On 9 September 2021 the ACCC issued a determination granting authorisation for the proposed amalgamation. In making its determination, the ACCC accepted a court-enforceable undertaking from AP+.
If no application for review of the determination is made to the Australian Competition Tribunal it will come into force on 1 October 2021.
The ACCC’s determination is available below under ‘Decisions’.
Applicant(s)
- Industry Committee Administration Pty Ltd
Target(s)
- NPP Australia Limited
- BPAY Group Holding Pty Ltd
- eftpos Payments Australia Limited
Authorisation number(s)
- MA1000020-1
Applications
| Document title | Date | |
|---|---|---|
| Letter re scope of conduct to be authorised ( PDF 181.8 KB ) | 23 Aug 2021 | |
| Letter re inclusion of BPAY HoldCo ( PDF 251.63 KB ) | 18 Jun 2021 | |
| BPAY Group – supplementary statement ( PDF 279.59 KB ) | 16 Jun 2021 | |
| Final Economic Expert Report of Geoff Edwards ( PDF 1.26 MB ) | 2 Apr 2021 | |
| Application Received ( PDF 3.25 MB ) | 22 Mar 2021 | |
| Application Summary ( PDF 171.01 KB ) | 22 Mar 2021 | |
| ANZ, CBA, NAB, WBC undertakings not to complete proposed transaction ( PDF 931.65 KB ) | 22 Mar 2021 | |
| Show all documents (4 more) | ||
Annexures 1 - 10
Annexures 11 - 20
Annexures 21 - 30
Annexures 31 - 40
| Document title | Date | |
|---|---|---|
| 31. ANZ 2020 Annual Report.pdf ( PDF 16.57 MB ) | 22 Mar 2021 | |
| 32. CBA 2020 Annual Report.pdf ( PDF 7.57 MB ) | 22 Mar 2021 | |
| 33. NAB 2020 Annual Report.pdf ( PDF 2.89 MB ) | 22 Mar 2021 | |
| 34. WBC 2020 Annual Report.pdf ( PDF 9.61 MB ) | 22 Mar 2021 | |
| 35. Bendigo and Adelaide Bank 2020 Annual Report.pdf ( PDF 8.17 MB ) | 22 Mar 2021 | |
| 36. ASL 2020 Annual Report.pdf ( PDF 3.42 MB ) | 22 Mar 2021 | |
| 37. ING Bank (Australia) Limited 2019 Annual Report.pdf ( PDF 3.31 MB ) | 22 Mar 2021 | |
| 38. Woolworths 2020 Annual Report.pdf ( PDF 8.08 MB ) | 22 Mar 2021 | |
| 39. Coles 2020 Annual Report.pdf ( PDF 5.84 MB ) | 22 Mar 2021 | |
| 40. Bank of Queensland 2020 Annual Report.pdf ( PDF 7.25 MB ) | 22 Mar 2021 | |
| Show all documents (7 more) | ||
Annexures 41 - 50
| Document title | Date | |
|---|---|---|
| 41. Fiserv 2019 Annual Report.pdf ( PDF 1.38 MB ) | 22 Mar 2021 | |
| 42. Suncorp Group 2020 Annual Report.pdf ( PDF 8.9 MB ) | 22 Mar 2021 | |
| 43. Tyro 2020 Annual Report.pdf ( PDF 7.54 MB ) | 22 Mar 2021 | |
| 44. Adyen 2019 Annual Report.pdf ( PDF 9.92 MB ) | 22 Mar 2021 | |
| 45. Reserve Bank of Australia 2020 Annual Report.pdf ( PDF 12.48 MB ) | 22 Mar 2021 | |
| 46. Macquarie Bank Limited 2020 Annual Report.pdf ( PDF 11.75 MB ) | 22 Mar 2021 | |
| 47. Payments Strategy Forum, `A Payments Strategy for the 21st Century Putting the needs of users first', November 2016.pdf ( PDF 12.85 MB ) | 22 Mar 2021 | |
| 48. Pay.UK 2019 Annual Report.pdf ( PDF 2.38 MB ) | 22 Mar 2021 | |
| 49. Visa 2019 Annual Report.pdf ( PDF 8.59 MB ) | 22 Mar 2021 | |
| 50. Mastercard 2019 Annual Report.pdf ( PDF 2.93 MB ) | 22 Mar 2021 | |
| Show all documents (7 more) | ||
Annexures 51 - 60
Annexures 61 - 66
Annexures 84 - 90
Annexures 91 - 97
Other
| Document title | Date | |
|---|---|---|
| Applicants – 87B Undertaking ( PDF 3.61 MB ) | 8 Sep 2021 | |
| Applicants – draft 87B Undertaking ( PDF 324.63 KB ) | 5 Aug 2021 |
Decisions
| Document title | Date | |
|---|---|---|
| Determination ( PDF 7.52 MB ) | 9 Sep 2021 | |
| Determination - Summary ( PDF 364.33 KB ) | 9 Sep 2021 |
Consultations
| Document title | Date | |
|---|---|---|
| ACCC to Interested Parties re Proposed Undertaking ( PDF 549.77 KB ) | 6 Aug 2021 | |
| File note of consultation with the Reserve Bank of Australia ( PDF 382.57 KB ) | 24 Jun 2021 | |
| ACCC Statement of Preliminary Views ( PDF 385.59 KB ) | 4 Jun 2021 | |
| Market Inquiries Letter ( PDF 298.6 KB ) | 30 Mar 2021 | |
| Show all documents (1 more) | ||
ACCC correspondence
| Document title | Date | |
|---|---|---|
| ACCC to Applicants re Determination ( PDF 216.35 KB ) | 9 Sep 2021 | |
| ACCC to Interested Parties re Determination ( PDF 216.11 KB ) | 9 Sep 2021 | |
| Information request - New Payments Platform Australia Limited ( PDF 251.85 KB ) | 9 Jun 2021 | |
| Information request - Lance Blockley ( PDF 248.31 KB ) | 9 Jun 2021 | |
| Information request - eftpos ( PDF 323.29 KB ) | 9 Jun 2021 | |
| ACCC to Applicants re interested party submissions ( PDF 246.75 KB ) | 21 May 2021 | |
| ACCC to Applicants re interested party submissions ( PDF 247.61 KB ) | 14 May 2021 | |
| ACCC to Applicants re interested party submissions ( PDF 200.7 KB ) | 30 Apr 2021 | |
| Information request - Industry Committee Administration Pty Ltd ( PDF 300.81 KB ) | 4 Jun 2021 | |
| Show all documents (6 more) | ||