Document ID: chunk:federal_register_of_legislation:F2023N00039:body:0
Version: federal_register_of_legislation:F2023N00039
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Approval to hold a stake in a financial sector company of more than 20% No. 2 of 2023

 Financial Sector (Shareholdings) Act 1998

 To: The applicants listed in Schedule 1 (the Applicants) Since:
      1. On 24 February 2023, the Applicants applied to the Treasurer under section 13 of the Act for approval to hold up to a 100% stake in Optus Insurance Services Pty Limited ACN 005 711 928 (Optus Insurance) and each of the companies listed in Schedule 2, each a financial sector company under the Act (the financial sector companies);

    B.            I am satisfied it is in the national interest for the Applicants to hold up to a 100% stake in Optus Insurance and each of the financial sector companies,

 I, Sharyn Reichstein, a delegate of the Treasurer, under paragraph 14(1)(a) of the Act, approve the Applicants to hold up to a 100% stake in Optus Insurance and each of the financial sector companies.

 This approval commences on the day it is made and remains in force indefinitely. Dated: 27 February 2023

 Sharyn Reichstein 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.