Approval to hold a stake in a financial sector company of more than 20% No. 11 of 2026 – Europ Assistance Australia Pty Ltd
Financial Sector (Shareholdings) Act 1998
To: The Applicants named in Schedule 1 Since:
- the applicants applied to the Treasurer under section 13 of the Act for approval to hold a 100% stake in Europ Assistance Australia Pty Ltd ABN 71 140 219 594 (Europ Assistance Australia) and each of the financial sector companies listed in Schedule 2 (the financial sector companies);
- I am satisfied it is in the national interest for the applicants to hold a 100% stake in Europ Assistance Australia and each of the financial sector companies,
I, Peter Diamond, a delegate of the Treasurer, under section 14(1) of the Act, approve the applicants to hold a 100% stake in Europ Assistance Australia and each of the financial sector companies.
This approval commences on the day, if any, Europ Assistance Australia is authorised under subsection 12(2) of the Insurance Act 1973 and remains in force indefinitely.
Dated: 15 April 2026
Peter Diamond Executive Director
General Insurance and Banking 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.
Schedule 1 – the Applicants
- Assicurazioni Generali S.p.A. (Register No. 00079760328, Italy)
- Europ Assistance Holding S.A.S. (Register No. 632 016 382, France)
- Europ Assistance S.A. (Register No. 451 366 405, France)
Schedule 2 – the financial sector companies other than Europ Assistance Australia
- Europ Assistance Holding S.A.S. (Register No. 632 016 382, France)
- Europ Assistance S.A. (Register No. 451 366 405, France)