As previously announced by the Maleny Credit Union (MCU), MCU has negotiated a proposal for Firstmac Holdings Limited (Firstmac) to acquire MCU by way of a Demutualisation and Scheme of Arrangement. Today, GRT Lawyers is pleased to announce that the postal ballot for the demutualisation of MCU was successfully passed by its Members on 25 January 2019 by a margin of 95.99%. The passing of the postal ballot allows MCU to proceed to the next step in its Scheme of Arrangement with Firstmac.

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