Approved · Waiver · decided in 23 days, 1 Apr 2026
McDonald's Australia Limited is acquiring three McDonald's restaurants in Bankstown and Yagoona, NSW, from Lvant Mecca Pty Limited and Nicole Carmichael. This asset purchase involves the buyback of property and the surrender of franchise and occupation agreements in the takeaway food services industry.
McDonald’s Australia Limited ( McDonald’s Australia ) owns 1,076 McDonald’s restaurants around Australia. It generally operates around 15% of these restaurants ( Corporate Restaurants ) and licenses the right to operate and occupy the remainder ( Franchised Restaurants ). Both the Corporate Restaurants and Franchised Restaurants supply McDonald’s branded fast-food products through dine in, takeaway, drive through and/or digital ordering channels. On 2 September 2025, McDonald’s Australia, Lvant Mecca Pty Limited ( Franchisee ) and Nicole Carmichael ( Guarantor ) entered into franchise agreements or licences ( Franchise Agreement ) and occupation licences, leases or subleases ( Occupation Agreement ) in respect of the Bankstown Centro F/C, Yagoona and Bankstown McDonald’s restaurants ( Target Restaurants ). These agreements granted the Franchisee the right to occupy and operate the Target Restaurants. McDonald’s Australia, the Franchisee and the Guarantor propose to enter a Deed of Surrender, Release and Asset Purchase in respect of the Target Restaurants ( Buyback Agreement ). Pursuant to this Buyback Agreement, the Franchisee will surrender the Franchise Agreement and Occupation Agreement to McDonald’s Australia and sell the property used in the Target Restaurants to McDonald’s Australia ( Acquisition ).