The consumer watchdog, Australian Competition and Consumer Commission, has cleared the way for Propel Funerals to absorb a major Sunshine Coast service and become a market leader in southeast Queensland.

The ACCC said on Thursday it will not oppose Propel's proposed $36 million acquisition of Gregson & Weight as it said the deal would not significantly alter the local market.

Gregson & Weight has been operating in the Sunshine Coast since the 1970s and has a majority of the local market, while Propel - the nation's second largest funeral service - has a small local presence through its Premier Funerals brand.

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