Revocation of approval to hold a stake in a financial sector company of more than 15%
Financial Sector (Shareholdings) Act 1998
To: Southern Cross Health Trust and the persons named in the attached Schedule (the applicants)
SINCE
- The applicants hold approvals dated 31 March 2009 and 24 August 2009 (the Approvals) under subsection 14(1) of the Financial Sector (Shareholdings) Act 1998 (the Act), to hold a stake of 100% in Southern Cross Benefits Limited ABN 99 133 401 939, a financial sector company under the Act; and
B. the applicants have requested that the Approvals be revoked,
I, Nigel Boik, a delegate of the Treasurer, under subsection 18(3) of the Act, REVOKE the Approvals.
This revocation comes into force on the date it is signed.
Dated: 10 October 2013
[Signed]
Nigel Boik
General Manager
Specialised Institutions Division
Interpretation
In this Notice:
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.
Schedule – the persons who applied for revocation
Jeffrey Garfield Todd
Carole Durbin
David May
Graeme Scott Hawkins
Douglas Donald Baird
Phillip James Meyer
Mark John Verbiest
Donald Harley Gray
Activa Health Limited
Southern Cross Health Services Limited
Southern Cross Hospitals Services Limited
Southern Cross Medical Care Society