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Suncorp

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"ANZ's $3.2 Billion Suncorp Bank Unit Buyout Cleared for Completion"
business2 years ago

"ANZ's $3.2 Billion Suncorp Bank Unit Buyout Cleared for Completion"

The Australian Competition Tribunal has approved ANZ Group's $3.2 billion buyout of Suncorp's banking business, overturning the earlier decision by the Australian Competition and Consumer Commission. The tribunal's ruling allows ANZ to proceed with the takeover, pending approval from the Australian Treasurer and the government of Queensland. If completed, the acquisition will enable ANZ to expand its loan book and strengthen its position in the home lending market, although analysts remain uncertain about the potential impact on ANZ's market share.

Australian Bank Offers Paid Gender Affirmation Leave for Transgender Employees.
business3 years ago

Australian Bank Offers Paid Gender Affirmation Leave for Transgender Employees.

SunCorp, a banking, finance and insurance corporation in Australia, is offering six weeks of paid leave to employees who want to change their legal sex, undergo surgery or other steps related to changing their gender. The move is to reinforce their commitment to inclusivity and give employees the time and financial support required to engage in the steps they need to affirm their gender. The leave can be used to come out as transgender, change their pronouns, buy clothes that match their gender identity, change their name or gender on official documents, or undergo surgery and hormone therapy.

Bank Offers Gender Affirmation Leave for Up to a Year to Transgender Employees.
business3 years ago

Bank Offers Gender Affirmation Leave for Up to a Year to Transgender Employees.

Australian financial services firm Suncorp has introduced "Gender Affirmation Leave" for employees undergoing gender transition, granting them six weeks of paid leave and up to 12 months of unpaid leave. The leave entitlement will support staff participating in medical, legal, and social affirmations, and allow eligible employees to take time off to tell their families and friends about the change, adopt a style of presentation that aligns with their identity, undergo gender affirmation surgery, and book appointments to legally change their name and pronouns on documents. Suncorp joins other companies in introducing the leave entitlement, and the move is expected to encourage other companies to follow suit.