Financial Sector (Shareholdings) (Auswide Bank Limited) Amendment Instrument 2025
I, Jim Chalmers, Treasurer, being satisfied of the matter in paragraph 14(1)(a) of the Financial Sector (Shareholdings) Act 1998, make the following instrument.
Dated 27 October 2025
Dr Jim Chalmers
Treasurer
Contents
1 Name
2 Commencement
3 Authority
4 Schedules
Schedule 1—Amendments
Financial Sector (Shareholdings) (Auswide Bank Limited) Instrument 2025
1 Name
This instrument is the Financial Sector (Shareholdings) (Auswide Bank Limited) Amendment Instrument 2025.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information | ||
Column 1 | Column 2 | Column 3 |
Provisions | Commencement | Date/Details |
1. The whole of this instrument | The day after this instrument is registered. |
|
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under the following:
(a) the Financial Sector (Shareholdings) Act 1998; and
(b) the Financial Sector (Transfer and Restructure) Regulations 2018.
4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1—Amendments
Financial Sector (Shareholdings) (Auswide Bank Limited) Instrument 2025
1 At the end of section 3
Add:
; and (d) the Financial Sector (Transfer and Restructure) Regulations 2018.
2 Section 6 (note)
Omit “ARPA”, substitute “APRA”.
3 At the end of the instrument:
Add:
8 Approval of application for transfer of business
(1) Under paragraph 14(1)(a) of the Act, as modified by section 8 of the Financial Sector (Transfer and Restructure) Regulations 2018, approval is granted to MyState Bank Limited (ABN 89 067 729 195) to hold more than 20% of the gross assets and liabilities of Auswide Bank Limited (ABN 40 087 652 060).
(2) The approval is to hold up to 100% of the gross assets and liabilities of Auswide Bank Limited.
(3) The approval granted under subsection (1) remains in force until repealed or otherwise revoked.