Merger Phase 2 Assessments
Since 1 January 2026 an administrative system, with ACCC as primary decision-maker, has operated in relation to mergers.
The following list includes applications for public benefit assessment following phase 2 consideration by the ACCC.
Insurance Australia Group - RAC Insurance
Notified 3 March 2026
Not approved on 22 September 2026
Public benefit application on 13 October 2026
Public benefit assessment
Commenced 13 October 2026
End of determination period: 1 February 2027
Phase 1 and 2 assessment
Phase 2: not approved on 22 September 2026
Case number
MN-65005
Remedy offer
1 July 2026
End of determination period
23 September 2026
Original: 26 August 2026
Extended by 20 business days on 26 July 2026
ACCC Description of Acquisition
Insurance Australia Group (IAG) proposes to acquire 100% of the issued share capital in RAC Insurance (RACI) from RACI Pty Ltd, a wholly owned subsidiary of the Royal Automobile Club of Western Australia Inc (RAC) (the Acquisition). The Acquisition does not include RAC's roadside assistance business which will continue to be operated independently by RAC.
IAG is a general insurance company operating in Australia and New Zealand. IAG provides a range of personal and commercial insurance products under various brands, including NRMA Insurance, Swann Insurance, ROLLiN’, Cylo, Lumley Special Vehicles and RACQ.
RAC is a Western Australia based member-owned organisation (and, effective from 26 June 2026, a company limited by guarantee) that provides roadside products, general insurance products, and other ancillary services to its members. RAC issues general insurance products to customers through its wholly owned subsidiary RACI under the RAC brand. IAG and RACI are both active in the manufacture and supply of personal lines general insurance, including home insurance and motor insurance products in Australia.
Copyright: Source of extracts from ACCC Acquisition Register: ACCC © Commonwealth of Australia
Reproduced in accordance with Creative Commons Attribution 4.0 International licence (or CC BY 4.0 licence) (ACCC website)
Last updated: 4 November 2026