Document ID: chunk:federal_register_of_legislation:F2021N00284:body:0:p2
Version: federal_register_of_legislation:F2021N00284
Segment Type: other
Provision Reference: 
Character Range: 2524–3187

Treasurer must give written notice of this Approval to the
 applicant and financial sector company concerned and this instrument will be registered in the Federal Register of Legislation as a notifiable instrument.

 Note 2 Section 19 of the Act provides for flow-on approvals. If an Approval has been granted for the holding of a stake in a financial sector company and the financial sector company is a holding company for an
 authorised deposit-taking institution or an authorised insurance company, then an approval is taken to exist for the holding of a stake of equal value in each financial sector company that is a 100% subsidiary of the
 holding company.