Federal Register of Legislation - Australian Government

Primary content

This instrument approves applicants to hold a stake in a particular financial sector company of more than 20%.
Administered by: Treasury
Registered 08 Dec 2020

 

Financial Sector (Shareholdings) (TAL Life Limited) Instrument 2020

I, Josh Frydenberg, Treasurer, make the following instrument.

Dated 4 December 2020

 

Josh Frydenberg

Treasurer

 

  

  

  


Contents

Part 1—Preliminary                                                                                                      1

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Definitions................................................................................................................................ 1

Part 2—Approvals to exceed 20% shareholding limit                                               2

5  Approvals of applications......................................................................................................... 2

Part 3—Revocations of approvals                                                                               4

6  Revocations.............................................................................................................................. 4

 


Part 1Preliminary

  

1  Name

                   This instrument is the Financial Sector (Shareholdings) (TAL Life Limited) Instrument 2020.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

 

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Financial Sector (Shareholdings) Act 1998.

4  Definitions

Note:       Paragraph 13(1)(b) of the Legislation Act 2003 has the effect that expressions have the same meaning in this instrument as in the Financial Sector (Shareholdings) Act 1998 as in force from time to time.

                   In this instrument:

ABN has the meaning given by the A New Tax System (Australian Business Number) Act 1999.

the Act means the Financial Sector (Shareholdings) Act 1998.

Part 2Approvals to exceed 20% shareholding limit

  

5  Approvals of applications

             (1)  Under paragraph 14(1)(a) of the Act, each item of the following table grants approval to the applicant specified in the item:

                     (a)  to hold more than a 20% stake in the financial sector company specified in the item; and

                     (b)  to hold no more of the stake specified in the item in the financial sector company.

 

Item

Name of applicant

ABN of applicant

Financial sector company

ABN of financial sector company

Approved holding in the financial sector company

1

TAL Dai‑ichi Life Group Pty Ltd

15 150 070 509

TAL Life Limited

70 050 109 450

100%

2

TAL Dai‑ichi Life Australia Pty Ltd

97 150 070 483

TAL Dai‑ichi Life Group Pty Ltd

15 150 070 509

100%

3

TAL Dai‑ichi Life Australia Pty Ltd

97 150 070 483

TAL Life Limited

70 050 109 450

100%

4

Dai‑ichi Life International Holdings LLC

TAL Dai‑ichi Life Australia Pty Ltd

97 150 070 483

100%

5

Dai‑ichi Life International Holdings LLC

TAL Dai‑ichi Life Group Pty Ltd

15 150 070 509

100%

6

Dai‑ichi Life International Holdings LLC

TAL Life Limited

70 050 109 450

100%

7

Dai-ichi Life Holdings Inc

Dai‑ichi Life International Holdings LLC

100%

8

Dai-ichi Life Holdings Inc

TAL Dai‑ichi Life Australia Pty Ltd

97 150 070 483

100%

9

Dai-ichi Life Holdings Inc

TAL Dai‑ichi Life Group Pty Ltd

15 150 070 509

 

100%

10

Dai-ichi Life Holdings Inc

TAL Life Limited

70 050 109 450

100%

11

Dai‑ichi Life International Limited

Dai‑ichi Life International Holdings LLC

100%

12

Dai‑ichi Life International Limited

TAL Dai‑ichi Life Australia Pty Ltd

97 150 070 483

100%

13

Dai‑ichi Life International Limited

TAL Dai‑ichi Life Group Pty Ltd

 

15 150 070 509

 

100%

14

Dai‑ichi Life International Limited

TAL Life Limited

70 050 109 450

100%

 

             (2)  The approvals granted under subsection (1) remain in force until repealed or otherwise revoked.

Part 3Revocations of approvals

  

6  Revocations

                   Under subsection 18(3) of the Act, each item of the following table revokes an approval granted under section 14 of the Act with the details of the approval being those specified in the item:

 

Item

Name of applicant

ABN of applicant

Financial sector company

ABN of financial sector company

Approved holding in the financial sector company

1

Dai-ichi Life Holdings Inc (formerly known as The Dai-ichi Life Insurance Company Limited and prior to that the Dai-ichi Mutual Life Insurance Company)

TAL Life Limited

70 050 109 450

6 April 2011

2

TAL Dai-ichi Life Australia Pty Ltd

97 150 070 483

TAL Life Limited

70 050 109 450

6 April 2011

3

TAL Dai-ichi Life Group Pty Ltd

15 150 070 509

TAL Life Limited

70 050 109 450

6 April 2011