Document ID: chunk:federal_register_of_legislation:F2024N00929:body:0
Version: federal_register_of_legislation:F2024N00929
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Revocation of existing approval to hold a stake in a financial sector company of more than 20% No. 3 of 2024

 Financial Sector (Shareholdings) Act 1998

 To: The Existing Approval Holders named in Schedule 1 Since:
     1.             On 12 July 2021, the Existing Approval Holders were granted approval under subsection 14(1) of the Financial Sector (Shareholdings) Act 1998 (the Act) to hold a 100% stake in NobleOak Life Limited ABN 85 087 648 708 (the company), a financial sector company under the Act (the Existing Approval); and

     1.             On 10 October 2023, the Existing Approval Holders requested that the Existing Approval be revoked;

 I, Peter Kohlhagen, a delegate of the Treasurer, under subsection 18(3) of the Act, revoke the Existing Approval.

 This instrument commences on the day it is made and remains in force indefinitely. Date: 19 February 2024

 Peter Kohlhagen General Manager Insurance Division
 Australian Prudential Regulation Authority

 Interpretation

 Act means the Financial Sector (Shareholdings) Act 1998.
 financial sector company has the meaning given in section 3 of the Act.
 stake in relation to a company, has the meaning given in clause 10 of Schedule 1 to the Act.