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Administered by: Treasury
Published Date 10 Sep 2019

 

Financial Sector (Shareholdings) Act 1998

Notice of Approval under Subsection 14(1) and Revocation under Subsection 18(3)

I, Josh Frydenberg, Treasurer:

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

               XL Insurance Company SE ABN 36 083 570 441 and each company specified in Column A of the Schedule, to hold a 100 per cent stake in each of the companies listed in Column B of the Schedule.

               AXA Assurances IARD Mutuelle and AXA Assurances Vie Mutuelle to hold a 30 per cent stake in each of the companies listed in Column C of the Schedule.

                under subsection 18(3) of the Act, revoke the approvals previously granted to:

               XL Group Ltd (Bermuda) and other persons on 10 September 2018.

               AXA SA (France) and other persons on 10 September 2018.

               AXA Societe Anonyme, AXA Assurances IARD Mutuelle and AXA Assurances Vie Mutuelle on 14 December 2018.

This notice comes into force on the date signed and remains in force indefinitely.

Dated:  5 September 2019

 

 

JOSH FRYDENBERG

Treasurer

 


Schedule

Column A

ABN

XL Insurance (UK) Holdings Ltd

N/A

XL Gracechurch Limited

N/A

XL Bermuda Ltd

N/A

EXEL Holdings Limited

N/A

XLIT Ltd.

N/A

XL Group Ltd

N/A

AXA Société Anonyme

N/A

 

Column B

ABN

XL Group Ltd

N/A

XLIT Ltd.

N/A

EXEL Holdings Limited

N/A

XL Bermuda Ltd

N/A

XL Gracechurch Limited

N/A

XL Insurance (UK) Holdings Ltd

N/A

XL Insurance Company SE

36 083 570 441

AXA Corporate Solutions Assurance

95 138 904 284

 

Column C

ABN

AXA Société Anonyme

N/A

XL Group Ltd

N/A

XLIT Ltd.

N/A

EXEL Holdings Limited

N/A

XL Bermuda Ltd

N/A

XL Gracechurch Limited

N/A

XL Insurance (UK) Holdings Ltd

N/A

XL Insurance Company SE

36 083 570 441

AXA Corporate Solutions Assurance

95 138 904 284