A decision on the proposed acquisitions of RACQ and RAA’s insurance underwriting operations will come later than expected.

The Australian Competition and Consumer Commission says it is seeking further information from the parties in both deals, pushing back the provisional date of April 24 for announcing its findings.

“The ACCC will announce a revised provisional decision date in due course,” it says.

IAG said in November it had struck an $855 million deal to acquire RACQ’s underwriting and to begin a long-term distribution agreement.

A few days later, Allianz Australia announced a similar $642 million deal with SA motoring group RAA. 

A review under informal merger process guidelines started on January 31, and a February 14 closing date was set for submissions.

IAG last year said it expected its deal to be completed in the third quarter of this year, subject to regulatory approval, while Allianz was looking at completion in the middle of this year.