Extension of approval to hold a stake of more than 20% in a financial sector company 2024 – Cuscal Limited – 10 of 2024
Financial Sector (Shareholdings) Act 1998
To: Cuscal SaleCo Limited ACN 670 386 713 (the applicant)
SINCE:
- the applicant holds an approval (Approval to hold a stake of more than 20% in a financial sector company No. 7 of 2023 – Cuscal Limited,[1] the approval) under paragraph 14(1)(a) of the Financial Sector (Shareholdings) Act 1998 (the Act) to hold a stake of more than 20% in Cuscal Limited ABN 95 087 822 455 (the financial sector company) for the period specified in the approval (the specified period);
B. the applicant has applied to the Treasurer under subsection 15(2) of the Act to extend the specified period; and
C. I am satisfied that it is in the national interest to grant the extension,
I, Andrew Powell, a delegate of the Treasurer, under subsection 15(4) of the Act, AMEND the approval to specify that the approval remains in force until 31 July 2025.
Andrew Powell
General Manager (Acting)
Banking Division
APRA
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
This instrument will be registered on the Federal Register of Legislation as a notifiable instrument.
The Treasurer or the Treasurer’s delegate is required to give a copy of this instrument to the financial sector company.