Approval to hold a stake of more than 20% in a financial sector company No. 8 of 2025 – Indue Limited
Financial Sector (Shareholdings) Act 1998
To: Cuscal Limited ABN 95 087 822 455 (the applicant) SINCE:
- the applicant has applied to the Treasurer under subsection 13(1) of the Financial Sector (Shareholdings) Act 1998 (the Act) for approval to hold a stake of more than 20% in Indue Limited ABN 97 087 822 464 (the financial sector company); and
- I am satisfied that it is in the national interest to approve the applicant holding a stake of more than 20% in the financial sector company,
I, Peter Diamond, a delegate of the Treasurer, under paragraph 14(1)(a) of the Act, APPROVE the applicant holding a stake of 100% in the financial sector company.
This instrument commences on the day it is made and remains in force indefinitely.
Dated: 19 November 2025
Peter Diamond
General Manager
General Insurance and Banking Division
APRA
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
stake in relation to a company, has the meaning given in clause 10 of Schedule 1 to the Act.
Notes
This instrument will be registered on the Federal Register of Legislation as a notifiable instrument.
The Treasurer or the Treasurer’s delegate is required to give a copy of this instrument to the financial sector company.
Section 19 of the Act provides for flow-on approvals for an approval under paragraph 14(1)(a) of the Act. If the approval relates to a financial sector company that is a holding company of an authorised deposit-taking institution or authorised insurance company, subsection 19(1) provides for flow-on approvals that relate to each financial sector company that is a 100% subsidiary of the holding company. If the approval is held by a company, subsection 19(3) provides for flow-on approvals to be held by each officer of the company.
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