Approved · Waiver · decided in 26 days, 8 July 2026
UnclassifiedWA-25031ACCC register
Oscars Group entities, Bankstown Central Property Pty Ltd and Oscars NSW Ops Pty Ltd, acquired the South Terrace Hotel in Bankstown, NSW. The asset sale from MAHF Custodian Pty Ltd and Redcape Hotel Group Pty Ltd includes freehold land, buildings, licenses, and business assets of the hospitality venue.
Bankstown Central Property Pty Ltd as trustee for the Bankstown Central Property Unit Trust and Oscars NSW Ops Pty Ltd (the Acquirers ) propose to acquire 100% of the freehold land interest, buildings, licenses and business assets (both tangible and intangible) of the South Terrace Hotel in Bankstown, New South Wales from MAHF Custodian Pty Ltd as custodian for RGM TT Pty Ltd as trustee for the Red Lantern Hotel Trust and Redcape Hotel Group Pty Ltd, as described in the transaction documents provided as part of the application (the Acquisition ). The South Terrace Hotel is a community, food, beverage and entertainment venue located at 280 South Terrace, Bankstown NSW 2200. The Acquirers are part of the Oscars Group, which owns and operates community, food & beverage, entertainment and accommodation venues. The Oscars Group own and operate hospitality venues across New South Wales, South Australia, Queensland and Victoria.