Acquirer(s)
- SGE Credit Union Ltd
Target(s)
- Money Wise Credit Union Ltd
Summary
The Commission was notified of a pending transfer of business of the Money Wise Credit Union to the SGE Credit Union on 7 July 2003 by the Australian Prudential Regulation Authority.Market definition
Various markets for financial services.Competition analysis
Money Wise is a Sydney based credit union providing financial services for government employees residing in New South Wales and their families. SGE is a credit union principally catering for employees of the state governments of New South Wales and Victoria and their families.The proposed merger will not cross any of the Commission's concentration thresholds for the exercise of market power, and is therefore unlikely to result in a substantial lessening of competition.
Merger type
Horizontal
Guidelines thresholds
Below
Imports above 10%
N/A
Initiation
Other
ANZSIC code
7323