Commonwealth Bank of Australia - proposed acquisition of a 33 per cent share in AHL Investments Pty Ltd


  • Commonwealth Bank of Australia


  • AHL Investments Pty Ltd


The Commonwealth Bank of Australia (CBA) proposes to acquire a 33 per cent share in Aussie Home Loans (AHL) Investments Pty Ltd.

Market definition

The ACCC considered the relevant markets to be:
- the national market for home loan products;
- the national market for personal loan products; and
- the national market for credit cards.

Competition analysis

The ACCC formed the view that the acquisition was unlikely to substantially lessen competition in the relevant markets. Factors informing this conclusion included:
- the transaction would result in limited aggregation in the relevant markets; and
- the remaining competitors will pose a constraint on the pricing behaviour of the merged firm post acquisition.


11/09/2008ACCC commenced review under the Merger Review Process Guidelines.
26/09/2008Closing date for submissions from interested parties.
30/09/2008ACCC announced it would not oppose the proposed acquisition.