Approval to hold a stake in a financial sector company of more than 20% No. 6 of 2023
Financial Sector (Shareholdings) Act 1998
To: Australian Unity Limited ABN 23 087 648 888 (the applicant) Since:
- On 14 August 2023, the applicant applied to the Treasurer under section 13 of the Act for approval to hold a 100% stake in IOOF Ltd ABN 21 087 649 625 (the company), a financial sector company under the Act; and
B. I am satisfied it is in the national interest for the applicant to hold a 100% stake in the company,
I, Ilanko Sellathurai, a delegate of the Treasurer, under paragraph 14(1)(a) of the Act, approve the applicant to hold a 100% stake in the company.
This approval commences on the day it is made and remains in force indefinitely. Date: 6 October 2023
Ilanko Sellathurai
Acting 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.