The Australian Competition Tribunal on Tuesday set aside an August decision by the competition watchdog declining to authorise the acquisition.
ANZ has had a massive legal win on appeal after its proposed $4.9 billion acquisition of Suncorp's banking arm has been given the go-ahead.
The takeover was initially rejected by the Australian Competition and Consumer Watchdog in 2023 after it raised concerns about the market dominance of the big four banks. "These banking markets are critical for many home-owners and for Queensland businesses and farmers in particular," he said. "All of the relevant markets are intensely competitive and will continue to be intensely competitive after the acquisition," he said.
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