Document ID: chunk:federal_register_of_legislation:F2024N00067:body:0:p2
Version: federal_register_of_legislation:F2024N00067
Segment Type: other
Provision Reference: 
Character Range: 2488–3379

and Farmcove to hold a 100% stake in each of the financial sector companies listed in Schedule 1;

          b.      SAAS to hold a 100% stake in each of the financial sector companies listed in Schedule 1, except for the financial sector company listed in item 1 of Schedule 1; and

          c.       LIH to hold a 100% stake in Hallmark Life and Hallmark General;

(c)           under subsection 16(1), impose the condition set out in Schedule 2.

 The instrument commences on the day it is made and remains in force indefinitely. Dated: 26 May 2023
 Sean Carmody Executive Director 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.