Revocation of Approval to Hold a Stake in a Financial Sector Company of More Than 15%
Financial Sector Shareholdings Act 1998
SINCE:
Budget Holdings Ltd Co No 24037 (Guernsey) and the persons named in the attached Schedule (the applicants) have requested the Treasurer to revoke the 2010 Approval;
I, Nigel Phillip John Boik, a delegate of the Treasurer, under subsection 18(3) of the Financial Sector Shareholdings Act 1998 (the Act), REVOKE the 2010 Approval.
This instrument takes effect on the date The Reef Foundation becomes the trustee of the Concrete Trust.
Dated: 9 December 2013
[Signed]
Nigel Phillip John Boik
Acting Executive General Manager
Specialised Institutions Division
Interpretation
2010 Approval means the approval granted under subsection 14(1) of the Act on 28 October 2010 for the applicants to hold a 100% stake in the Company.
Company means Auto & General Insurance Company Limited ACN 111 586 353.
The Concrete Trust means the trust of the same name settled in Guernsey.
SCHEDULE 1
ASSOCIATES OF BUDGET HOLDINGS LTD CO NO 24037 (GUERNSEY)
Klinkert Investments Pty Ltd ACN 086 314 285
Companies incorporated in Guernsey:
Reef Holdings Limited
R&H Trust Co. (Guernsey) Ltd
Credit Suisse Trust Ltd
Companies Incorporated in the United Kingdom: BGL Group Ltd (formerly Budget Group Ltd) Budget Insurance Company Ltd Direct Insurance Systems Corporation Ltd BFSL Ltd ACM ULR Ltd BISL Ltd Budget Retail Ltd Fusion Contact Centre Services Ltd Budget Commercial Insurance Services Ltd Bakewell Property Development Ltd Budget Financial Services Ltd Budget Insurance Intermediaries Ltd GF Bennett (Holdings) Ltd Budget Group Ltd (formerly Dial Direct Insurance Intermediary Group Ltd) Dial Direct Insurance Marketing Ltd Dial Direct Finance Ltd Pratt’s Insurance Office IGO ECO Ltd Budget Insurance Services Ltd
Companies Incorporated in Australia: Australian Insurance Holdings Pty Ltd ACN 086 321 459 A & G Insurance Services Pty Ltd (formerly Insurers Hotline Pty Ltd) ACN 099 707 801 Direct Insurance Systems Company Pty Ltd ACN 003 617 909 Budget Direct Insurance Agency Pty Ltd ACN 086 321 422 Auto & General Insurance Services Pty Ltd ACN 094 408 483 A & G Training Services Pty Ltd ACN 089 508 583 Budget Insurance Brokers Pty Ltd ACN 089 508 547 Budget Direct Insurance Brokers Pty Ltd ACN 088 124 627 Retirease Insurance Agency Pty Ltd ACN 094 425 233 Financial Holdings Australia Pty Ltd ACN 112 971 132 Financial Funding Solutions Pty Ltd ACN 117 323 378 Bennett’s Motorcycle Insurance Company Ltd ACN 112 121 838 Affinisure Pty Ltd ACN 128 885 469 Ibuyeco Pty Ltd ACN 127 997 175
Companies Incorporated in South Africa: Telesure Investment Holdings (Pty) Ltd Dial Direct Insurance Ltd Auto & General Insurance Company Ltd Napier Gardens (Pty) Ltd Budget Insurance Brokers (Pty) Ltd Upstream Advertising (Pty) Ltd MCN Independent Intermediary (Pty) Ltd First For Women Insurance Brokers (Pty) Ltd Motowise (Pty) Ltd Douw Steyn Properties (Pty) Ltd Direct Integrated Systems Corporation (SA) (Pty) Ltd No. 1 Queen Road Property (Pty) Ltd Unity Insurance Holdings (Pty) Ltd Unity Insurance Ltd Fusion Outsourcing Services (Pty ) Ltd Firstprize Solutions (Pty) Ltd 1 Life Direct Insurance Ltd Saxon Hotel (Pty) Ltd Contact Financial Services (Pty) Ltd Your Home Loan (Pty) Ltd Telesure Financial Services (Pty) Ltd OneCall Insurance Brokers (Pty) Ltd Business Asset Rental (Pty) Ltd Telesure Group Services (Pty) Ltd
Companies Incorporated in the British Virgin Isles: Jacamar Overseas Ltd
Companies Incorporated in Bermuda: Jacana Reinsurance Company |