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

 

  1. 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