Acquirer(s)
- Sydney Credit Union Ltd
Target(s)
- Parkes District Credit Union Limited
Summary
By letter dated 5 July 2004, APRA informed the ACCC of the proposed transfer of the entire business of Parkes District Credit Union Limited to Sydney Credit Union Limited.Market definition
For competition assessment purposes, the relevant product market in this instance was treated as a broadly defined market for financial services.Competition analysis
The ACCC's concentration thresholds are not crossed.Merger type
Asset Sale
Guidelines thresholds
Below
Imports above 10%
No
Initiation
Other
ANZSIC code
7323