The Australian Competition and Consumer Commission on Friday postponed its verdict on two multi-billion dollar buying offers for wealth management and protection firm AXA Asia pacific Holdings. Experts as well as players are eagerly waiting for the decision as the outcome may affect the outlook of the country's wealth management industry.

Earlier the regulator was scheduled to unveil its decision on March 27. But now it said that it would disclose its findings on the two bids on April 1 and April 22. While the verdict on National Australia Bank Ltd's bid is the first one to come, findings on the offer made by AMP Ltd will come on the latter day.

The regulators postponed the dates to study additional information that they have asked from the bidders.

Interestingly, both the bids suggest keeping Australia and New Zealand operations of the wealth manager and sell off Asia operations to the parent company AXA SA.

Experts are anxious about the regulators verdict because only recently, taking a strong stand, it rejected Caltex Australia's proposal to buy 301 Exxon Mobil filling stations and GUD Holding's A$266.8 million offer to buy kitchen appliance supplier Breville Group Ltd.