Insurance Acquisitions and Takeovers Act 1991

NOTICE OF UNCONDITIONAL GO AHEAD DECISION

SINCE:

1. Swiss Reinsurance Company Ltd ARBN 007 479 941 (SRZ) is an Australian‑registered insurance company under the Insurance Acquisitions and Takeovers Act 1991 (the Act), because it is a company authorised under the Insurance Act 1973;
2. Swiss Re Asia Pte. Ltd. ARBN 631 490 447 (SRAL) has given notice pursuant to section 38 of the Act that it proposes to carry out trigger proposals under paragraphs 36(a), 36(d) and 36(e) of the Act in order to acquire the insurance and reinsurance business of SRZ in Australia by way of a scheme to be confirmed by the Federal Court of Australia under Division 3A of Part III of the Insurance Act 1973; and

C.     I have complied with the relevant decision-making principles formulated under section 65 of the Act.

I, Josh Frydenberg, Treasurer, the responsible Minister of the Commonwealth by the operation of subsection 19A(1) of the Acts Interpretation Act 1901, under subsection 41(1) of the Act, MAKE a decision that the Commonwealth Government has no objection to SRAL carrying out the trigger proposals.

Dated:  16 October 2019

Josh Frydenberg

Treasurer