As previously announced by GRT Lawyers, in January 2019 the postal ballot was passed by MCU members. This allowed MCU to proceed to the next stage in the acquisition of MCU by Firstmac Holdings Limited by way of a Demutualisation and Scheme of Arrangement. The scheme and demutualisation meetings were held on 30 April 2019 in Maleny. GRT Lawyers is pleased to announce that all three resolutions presented to the meetings were passed by MCU members.

GRT Alert: Treasury Consults on Notification Thresholds
Treasury has released the exposure draft of the Competition and Consumer (Notification of Acquisitions) Determination for consultation. This draft legislative instrument sets out critical details of the new mandatory merger clearance regime, commencing 1 January 2026, including: The ACCC has also published provisional guidance on when the long form should be used—largely based on market share and