Because the takeover of Citi resulted in less competition, so...

Because the takeover of Citi resulted in less competition, so the ACCC would need to look at it in that context.

The acquisition aside, Shayne Elliott isn't even an employable human being in my opinion. He's one of the worst bankers in the developed world (and that's reflected in ANZ's share price). I hope for the sake of shareholders this acquisition gets blocked. But then ANZ will claim that as a victory by giving dumb shareholders their own money back as a "special dividend" while marketing management's prowess as extraordinary stewards of capital (capital that was raised at a very low price for ANZ, and which cost a huge sum of fees to obtain).