MYOB Group Limited - proposed acquisition of Reckon Limited's Accountants Group


  • MYOB Group Limited


  • Reckon Limited's Accountants Group


MYOB proposes to acquire the Accountants Group from Reckon Limited. The proposed acquisition includes three Reckon businesses:
- Reckon APS
- Reckon Elite
- Reckon Docs
The transaction includes all associated clients, IP, systems and employees for these businesses.

Statement of issues

Document title Date


12/01/2018ACCC commenced review under the Merger Process Guidelines.
14/02/2018Closing date for submissions from interested parties.
07/03/2018Former provisional date for announcement of findings (22 March) delayed to allow MYOB more time to provide additional information.
16/03/2018ACCC received further information from MYOB.
29/03/2018ACCC published a Statement of Issues outlining preliminary competition concerns.
09/04/2018On or around 9 April, the ACCC requested further information from certain industry participants, MYOB and Reckon.
13/04/2018Closing date for submissions relating to Statement of Issues.
19/04/2018ACCC is waiting on information requested on or around 9 April. Former proposed date for announcement of findings (30th May) is delayed.
09/05/2018ACCC received the majority of information requested on or around 9 April.
31/05/2018ACCC has discontinued this review after MYOB announced that the acquisition will not proceed.