Financial Sector (Shareholdings) Act 1998
Notice of Approval under Subsection 14(1)
I, Josh Frydenberg, Treasurer being satisfied that it is in the national interest:
– under subsection 14(1) of the Financial Sector (Shareholdings) Act 1998 (Cth) (the Act), approve MS&AD Insurance Group Holdings Inc. (MS&AD), to hold a 100 per cent stake in Challenger Life Company Limited ABN 44 072 486 938 subject to the condition, imposed under subsection 16(1) of the Act, that the direct control interest in Challenger Life Company Limited by MS&AD does not exceed 20 per cent.
This approval comes into force on the date signed and remains in force indefinitely.
Dated: 14 August 2019
JOSH FRYDENBERG
Treasurer