Federal Register of Legislation - Australian Government

Primary content


This gazette
Administered by: Treasury
Published Date 13 Dec 2013

Revocation of Approval to Hold a Stake in a Financial Sector Company of More Than 15%

Financial Sector Shareholdings Act 1998                                                 


Budget Holdings Ltd Co No 24037 (Guernsey) and the persons named in the attached Schedule (the applicants) have requested the Treasurer to revoke the 2010 Approval;

I, Nigel Phillip John Boik, a delegate of the Treasurer, under subsection 18(3) of the Financial Sector Shareholdings Act 1998 (the Act), REVOKE the 2010 Approval.

This instrument takes effect on the date The Reef Foundation becomes the trustee of the Concrete Trust.

Dated: 9 December 2013



Nigel Phillip John Boik

Acting Executive General Manager

Specialised Institutions Division


2010 Approval means the approval granted under subsection 14(1) of the Act on 28 October 2010 for the applicants to hold a 100% stake in the Company.

Company means Auto & General Insurance Company Limited ACN 111 586 353.

The Concrete Trust means the trust of the same name settled in Guernsey.








Klinkert Investments Pty Ltd ACN 086 314 285



Companies incorporated in Guernsey:

Reef Holdings Limited

R&H Trust Co. (Guernsey) Ltd

Credit Suisse Trust Ltd



Companies Incorporated in the United Kingdom:

BGL Group Ltd (formerly Budget Group Ltd)

Budget Insurance Company Ltd                                                                                                  

Direct Insurance Systems Corporation Ltd                                                                                                                                         

BFSL Ltd                                                                                                                                                                                                   

ACM ULR Ltd                                                                                                                                                                                          

BISL Ltd                                                                                                                                                                                                    

Budget Retail Ltd                                                                                                                                                                                     

Fusion Contact Centre Services Ltd                                                                                                                                                     

Budget Commercial Insurance Services Ltd

Bakewell Property Development Ltd

Budget Financial Services Ltd

Budget Insurance Intermediaries Ltd

GF Bennett (Holdings) Ltd

Budget Group Ltd (formerly Dial Direct Insurance Intermediary Group Ltd)

Dial Direct Insurance Marketing Ltd

Dial Direct Finance Ltd

Pratt’s Insurance Office


Budget Insurance Services Ltd



Companies Incorporated in Australia:                                                                                                                                                          

Australian Insurance Holdings Pty Ltd ACN 086 321 459                                                                                                              

A & G Insurance Services Pty Ltd (formerly Insurers Hotline Pty Ltd) ACN 099 707 801                                                       

Direct Insurance Systems Company Pty Ltd ACN 003 617 909                                                                                                   

Budget Direct Insurance Agency Pty Ltd ACN 086 321 422                                                                                                          

Auto & General Insurance Services Pty Ltd ACN 094 408 483                                                                                                     

A & G Training Services Pty Ltd ACN 089 508 583                                                                                                                         

Budget Insurance Brokers Pty Ltd ACN 089 508 547                                                                                                                     

Budget Direct Insurance Brokers Pty Ltd ACN 088 124 627                                                                                                          

Retirease Insurance Agency Pty Ltd ACN 094 425 233

Financial Holdings Australia Pty Ltd ACN 112 971 132                                                                                                                 

Financial Funding Solutions Pty Ltd ACN 117 323 378

Bennett’s Motorcycle Insurance Company Ltd ACN 112 121 838

Affinisure Pty Ltd ACN 128 885 469

Ibuyeco Pty Ltd ACN 127 997 175                                                                                                                                                     



Companies Incorporated in South Africa:                                                                                                                                                   

Telesure Investment Holdings (Pty) Ltd                                                                                                                                              

Dial Direct Insurance Ltd                                                                                                                                                                       

Auto & General Insurance Company Ltd                                                                                                                                           

Napier Gardens (Pty) Ltd                                                                                                                                                                        

Budget Insurance Brokers (Pty) Ltd

Upstream Advertising (Pty) Ltd

MCN Independent Intermediary (Pty) Ltd

First For Women Insurance Brokers (Pty) Ltd                                                                                                                                    

Motowise (Pty) Ltd                                                                                                                                                                                  

Douw Steyn Properties (Pty) Ltd                                                                                                                                                           

Direct Integrated Systems Corporation (SA) (Pty) Ltd                                                                                                                     

No. 1 Queen Road Property (Pty) Ltd

Unity Insurance Holdings (Pty) Ltd

Unity Insurance Ltd

Fusion Outsourcing Services (Pty ) Ltd                                                                                                                                                

Firstprize Solutions (Pty) Ltd

1 Life Direct Insurance Ltd

Saxon Hotel (Pty) Ltd

Contact Financial Services (Pty) Ltd

Your Home Loan (Pty) Ltd

Telesure Financial Services (Pty) Ltd

OneCall Insurance Brokers (Pty) Ltd

Business Asset Rental (Pty) Ltd

Telesure Group Services (Pty) Ltd                                                                                                                                                         


Companies Incorporated in the British Virgin Isles:                                                                                                                                 

Jacamar Overseas Ltd


Companies Incorporated in Bermuda:                                                                                                                                                          

Jacana Reinsurance Company