Commonwealth
of Australia

Gazette

Published by the Commonwealth of Australia

GOVERNMENT NOTICES

 

 

 

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COMMONWEALTH OF AUSTRALIA

  Notice of approval under subsection 14(1)

I, SCOTT  MORRISON, Treasurer:

being satisfied that it is in the national interest, under subsection 14(1) of the Financial Sector (Shareholdings) Act 1998 (the Act), approve:

•                 Royal Automobile Club Limited (RACQ) to hold a 100 per cent stake in each of RACQ Investments No. 2 Ltd (RACQInv2), Club Finance Holdings Limited (RACQ NOHC) and QT Mutual Bank Limited (QTMB);

•                 RACQInv2 to hold a 100 per cent stake in each of RACQ NOHC and QTMB; and

•                 RACQ NOHC to hold a 100 per cent stake in QTMB.

The approval takes effect from the time RACQ NOHC becomes the holding company of QTMB. The approval remains in force indefinitely.

 

Dated:        1 November 2016

 

 

SCOTT  MORRISON

Treasurer