The ACCC announced that it would not oppose the transaction, acknowledging that the merger would support “critical business functions for their customers” and that many “considered that the proposed acquisition will deliver efficiencies and support continued investment in products and innovation”.
This clearance represents one of the final informal merger decisions before the commencement of Australia’s new merger regime in 2026.
Gilbert + Tobin’s Competition, Consumer and Market Regulation team was led by partner Andrew Low, supported by lawyers David Holmes, Adrian Vipond, Aaron Park, Josephine Le and Billy Elsum.
Andrew Low commented:
We are delighted to have leveraged our leading payments expertise to deliver Cuscal a positive result in this matter. The payments sector is experiencing increased digitisation and modernisation, and the ACCC’s decision recognises the benefits this transaction will deliver in enabling efficiencies and continued investment.
