The competition regulator expects to reveal its decision on Allianz Australia’s planned acquisition of RAA’s insurance business next month. 

The Australian Competition and Consumer Commission says it has received further information from RAA and the timeline for its findings has resumed. 

The proposed June 12 announcement may be either a final decision or a statement of issues. 

SA-based RAA is selling its underwriting operations to Allianz in a $642 million deal that includes a 20-year distribution arrangement. 

The transaction is similar to the IAG acquisition of RACQ Insurance that was cleared by the regulator last week. 

IAG also plans to buy RAC’s underwriting business in WA, and that transaction also needs clearance by the competition regulator. 

The ACCC says last week’s decision “should not be treated as being indicative” of its findings on the other deals. 

“The competitive dynamics and issues in each transaction are unique and the ACCC is considering (or will consider) each transaction individually,” it said. 

RAA CEO Nick Reade said last year the partnership with Allianz would enable the motoring group to reduce its exposure to risk, rebuild its balance sheet and deliver more value for its 825,000 members. 

“The driving principle was to develop a long-term model for insurance that was better for our members and our people – and this partnership delivers that,” he said. 

“RAA is a local insurer, and it’s become increasingly difficult to shield our members from the global challenges in the insurance industry.”