Federal Register of Legislation - Australian Government

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This instrument approves a trigger proposal relating to the proposed acquisition by AIA Australia Limited.
Administered by: Treasury
Registered 03 Nov 2020

 

Insurance Acquisitions and Takeovers (Trigger Proposal Decision) (No. 1) 2020

I, Josh Frydenberg, Treasurer, acting under section 41 of the Insurance Acquisitions and Takeovers Act 1991, make the decision that the Commonwealth Government has no objection to the trigger proposal that:

             (a)  is set out in the notice dated 29 May 2020 given to me under paragraph 38(b) of that Act; and

             (b)  relates to the proposed acquisition by AIA Australia Limited (ACN 004 837 861) from The Colonial Mutual Life Assurance Society Limited (ACN 004 021 809) of assets and liabilities referable to the life insurance business of The Colonial Mutual Life Assurance Society Limited.

This decision is made unconditionally.

 

In making this decision, I have complied with the relevant decision-making principles formulated in the Insurance Acquisitions and Takeovers Act 1991 Decision-Making Principles IDM 1/1992 [F2008B00776].

 

Dated 30 October 2020

Josh Frydenberg

Treasurer