Financial Sector (Shareholdings) Act 1998
To: The applicants listed in Schedule 1 (the Applicants) Since:
B. I am satisfied it is in the national interest for the Applicants to hold up to a 100% stake in Optus Insurance and each of the financial sector companies,
I, Sharyn Reichstein, a delegate of the Treasurer, under paragraph 14(1)(a) of the Act, approve the Applicants to hold up to a 100% stake in Optus Insurance and each of the financial sector companies.
This approval commences on the day it is made and remains in force indefinitely. Dated: 27 February 2023
Sharyn Reichstein General Manager Insurance Division
Australian Prudential Regulation Authority
Interpretation
Act means the Financial Sector (Shareholdings) Act 1998.
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.