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Queensland can intervene in ANZ-Suncorp appeal to address public-benefits claim, court rules

By Saloni Sinha ( October 20, 2023, 03:57 GMT | Insight) -- The Australian state of Queensland has been granted leave to intervene in an appeal by the Australia New Zealand Banking Group against a regulatory decision blocking its takeover of Suncorp Bank, with the northeastern state government wanting to address claims of the deal’s public benefits. During a directions hearing in the Australian Competition Tribunal, Judge John Halley granted Queensland leave to intervene and file a written submission addressing public benefits to the state from the proposed acquisition of Suncorp by ANZ, which the tribunal is now reviewing.The Australian state of Queensland has been granted leave to intervene in an appeal by the Australia New Zealand Banking Group against a regulatory decision blocking its takeover of Suncorp Bank, with the northeastern state government wanting to address claims of the deal’s public benefits....

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