Approval to hold a stake of more than 20% in a financial sector company
Financial Sector (Shareholdings) Act 1998
To: Mark Thomas Altus and each of the other persons named in the Schedules
B. the approval holders in the 2018 Approval, as specified in the Schedule, have requested the Treasurer under subsection 18(3) of the Act to revoke the 2018 Approval;
C. the Applicants, as specified in the Schedule, have applied to the Treasurer under subsection 13(1) of the Act for approval to hold a 100% stake in the company; and
D. I am satisfied that it is in the national interest to approve the Applicants holding a stake of more than 20% in the company,
I, Clare Gibney, a delegate of the Treasurer:
(a) under subsection 18(3) of the Act, REVOKE the 2018 Approval; and
(b) under paragraph 14(1)(a) of the Act, APPROVE the Applicants holding a stake of 100% in the company.
This instrument has effect on 4 September 2020 and remains in force indefinitely.
Dated: 3 September 2020
[Signed]
Clare Gibney
General Manager
Banking Division
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
stake in relation to a company, has the meaning given in clause 10 of Schedule 1 to the Act.
Notes
The Treasurer or the Treasurer’s delegate is required to give a copy of this instrument to the financial sector company to which this instrument relates and publish a copy of this instrument in the Gazette.
Schedule – approval holders in the 2018 Approval
Schedule – Applicants