- MLC Wealth Management (Owned by NAB)
IOOF proposes to acquire MLC Wealth Management, the wealth management businesses owned by the National Australia Bank (NAB).
IOOF and MLC Wealth Management both supply (through licensed financial advisers, corporate/employer sponsors, and directly) superannuation and non-superannuation investment products and financial advice to consumers in Australia.
Submissions are invited from interested parties regarding IOOF's proposed acquisition of MLC Wealth Management.
The closing date for submissions is 9 November 2020. Submissions should be forwarded electronically (preferably in PDF format) to firstname.lastname@example.org with the title "Submission re: IOOF/MLC - attention Tim Byrne".
Following the closing date, queries regarding the ACCC's review may be addressed to Tim Byrne at email@example.com. For more details, please refer to the attached market inquiries letter.
|26/10/2020||ACCC commenced informal review under the Informal Merger Review Process Guidelines.|
|09/11/2020||Closing date for submissions.|
|04/02/2021||Proposed date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues).|