Document ID: chunk:federal_register_of_legislation:F2024N01059:body:0
Version: federal_register_of_legislation:F2024N01059
Segment Type: other
Provision Reference: 
Character Range: 0–1677

Approval to hold the transferring business of a financial sector company No. 12 of 2024

 Financial Sector (Shareholdings) Act 1998

 To: Lifeplan Australia Friendly Society Limited ACN 087 649 492 (the applicant) Since:
 1.             the applicant and Australian Unity Life Bonds Limited ACN 087 649 625 (the company) are financial sector companies;

 1.             more than 20% of the gross assets and liabilities of the company (the transferring business) are to be transferred to the applicant under the Financial Sector (Transfer and Restructure) Act 1999;

 1.             the applicant has applied to the Treasurer under subsection 13A(2) of the Financial Sector (Shareholdings) Act 1998 (the Act) for approval to hold the transferring business; and

 1.             I am satisfied it is in the national interest to approve the applicant holding the transferring business,

 I, Nancy Ma, a delegate of the Treasurer, under section 14(1) of the Act, approve the applicant to hold the transferring business.

 This approval commences on the day it is made and remains in force indefinitely. Dated: 8 November 2024

 Nancy Ma
 Acting General Manager
 Life & Health Insurance & Superannuation Division

 Interpretation

 In this instrument:

 financial sector company has the meaning given in section 3 of the Act.
 transferring business has the meaning given in subsection 13A of the Act.

 Notes

 Note 1 By operation of regulation 8 of the Financial Sector (Transfer and Restructure) Regulations 2018, the Act applies in relation to a transfer of business under the Financial Sector (Transfer and Restructure) Act 1999 as if section 13A was inserted into the Act.