Does the proposed merger require regulatory and member approval?

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Merger
FAQs

Does the proposed merger require regulatory and member approval?

The proposed merger has been reviewed and approved by the Australian Government banking regulators including the Australian Prudential Regulation Authority (APRA). APRA is responsible for ensuring that customers and the banking industry are protected. Its approval and 75% of votes cast by members being in favour of the proposed merger resolution is required before the merger can proceed.

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