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One thing to know:Brisbane-based banking and insurance company Suncorp has accepted ANZ's offer of $4.9 billion to take over its banking operations — but the deal will take at least 12 months before the deal is finalised, and has several hurdles it will need to clear in the meantime.
Queensland's State Financial Institutions and Metway Merger legislation will also need to be amended for the takeover to go ahead. The next step is for ANZ to submit a merger authorisation application to the ACCC, which the regulatory body is expecting to receive next month.Tens of millions of COVID-19 vaccine doses purchased by the federal government are yet to be administered, prompting questions about what to do with the excess, especially as new, variant-specific vaccines are being bought and rolled out.
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