McDonald’s Australia – McDonald’s Restaurants in Bankstown and Yagoona, NSW

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**).

Status

Assessment completed

ACCC determination

Approved

Stage

Waiver application

Notified

9 March 2026

Determination published

1 April 2026

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