Federal Register of Legislation - Australian Government

Primary content

This instrument approves specified applicants to hold a stake of more than 20% in a particular financial sector company.
Administered by: Treasury
Registered 21 Jun 2021

 

Financial Sector (Shareholdings) (Members Equity Bank Limited) Instrument 2021

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

Dated 18 June 2021

 

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 1Preliminary

  

1  Name

                   This instrument is the Financial Sector (Shareholdings) (Members Equity Bank Limited) Instrument 2021.

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Note:          This table relates only to the provisions of this instrument as originally made.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

Bank of Queensland Limited

32 009 656 740

Members Equity Bank Limited

56 070 887 679

100%

2

Bank of Queensland Limited

32 009 656 740

ME Portfolio Management Limited

79 005 964 134

100%

3

BOQ Asset Finance & Leasing Pty Ltd

79 074 206 634

Members Equity Bank Limited

56 070 887 679

100%

4

BOQ Asset Finance & Leasing Pty Ltd

79 074 206 634

ME Portfolio Management Limited

79 005 964 134

100%

5

BOQ Credit Pty Limited

92 080 151 266

Members Equity Bank Limited

56 070 887 679

100%

6

BOQ Credit Pty Limited

92 080 151 266

ME Portfolio Management Limited

79 005 964 134

100%

7

BOQF Cashflow Finance Pty Ltd

68 062 762 921

Members Equity Bank Limited

56 070 887 679

100%

8

BOQF Cashflow Finance Pty Ltd

68 062 762 921

ME Portfolio Management Limited

79 005 964 134

100%

9

BOQ Equipment Finance Limited

78 008 492 582

Members Equity Bank Limited

56 070 887 679

100%

10

BOQ Equipment Finance Limited

78 008 492 582

ME Portfolio Management Limited

79 005 964 134

100%

11

BOQ Finance (Aust) Limited

56 065 745 735

Members Equity Bank Limited

56 070 887 679

100%

12

BOQ Finance (Aust) Limited

56 065 745 735

ME Portfolio Management Limited

79 005 964 134

100%

13

BOQ Funding Pty Limited

35 079 936 495

Members Equity Bank Limited

56 070 887 679

100%

14

BOQ Funding Pty Limited

35 079 936 495

ME Portfolio Management Limited

79 005 964 134

100%

15

BOQ Home Pty Ltd

72 051 900 380

Members Equity Bank Limited

56 070 887 679

100%

16

BOQ Home Pty Ltd

72 051 900 380

ME Portfolio Management Limited

79 005 964 134

100%

17

BOQ Specialist (Aust) Limited

55 071 292 594

Members Equity Bank Limited

56 070 887 679

100%

18

BOQ Specialist (Aust) Limited

55 071 292 594

ME Portfolio Management Limited

79 005 964 134

100%

19

BOQ Specialist Pty Ltd

94 110 704 464

Members Equity Bank Limited

56 070 887 679

100%

20

BOQ Specialist Pty Ltd

94 110 704 464

ME Portfolio Management Limited

79 005 964 134

100%

21

BOQ Share Plans Nominee Pty Ltd

87 102 803 261

Members Equity Bank Limited

56 070 887 679

100%

22

BOQ Share Plans Nominee Pty Ltd

87 102 803 261

ME Portfolio Management Limited

79 005 964 134

100%

23

B.Q.L. Management Pty. Ltd.

87 081 052 342

Members Equity Bank Limited

56 070 887 679

100%

24

B.Q.L. Management Pty. Ltd.

87 081 052 342

ME Portfolio Management Limited

79 005 964 134

100%

25

Home Credit Management Pty Ltd

84 009 108 123

Members Equity Bank Limited

56 070 887 679

100%

26

Home Credit Management Pty Ltd

84 009 108 123

ME Portfolio Management Limited

79 005 964 134

100%

27

Home Financial Planning Pty Ltd

92 009 055 136

Members Equity Bank Limited

56 070 887 679

100%

28

Home Financial Planning Pty Ltd

92 009 055 136

ME Portfolio Management Limited

79 005 964 134

100%

29

Pioneer Permanent Pty Ltd

36 087 652 042

Members Equity Bank Limited

56 070 887 679

100%

30

Pioneer Permanent Pty Ltd

36 087 652 042

ME Portfolio Management Limited

79 005 964 134

100%

31

StateWest Financial Planning Pty Ltd

32 009 137 508

Members Equity Bank Limited

56 070 887 679

100%

32

StateWest Financial Planning Pty Ltd

32 009 137 508

ME Portfolio Management Limited

79 005 964 134

100%

33

St Andrew’s Australia Services Pty Ltd

75 097 464 616

Members Equity Bank Limited

56 070 887 679

100%

34

St Andrew’s Australia Services Pty Ltd

75 097 464 616

ME Portfolio Management Limited

79 005 964 134

100%

35

St Andrew’s Insurance (Australia) Pty Ltd

89 075 044 656

Members Equity Bank Limited

56 070 887 679

100%

36

St Andrew’s Insurance (Australia) Pty Ltd

89 075 044 656

ME Portfolio Management Limited

79 005 964 134

100%

37

St Andrew’s Life Insurance Pty Ltd

98 105 176 243

Members Equity Bank Limited

56 070 887 679

100%

38

St Andrew’s Life Insurance Pty Ltd

98 105 176 243

ME Portfolio Management Limited

79 005 964 134

100%

39

Virgin Money (Australia) Pty Limited

75 103 478 897

Members Equity Bank Limited

56 070 887 679

100%

40

Virgin Money (Australia) Pty Limited

75 103 478 897

ME Portfolio Management Limited

79 005 964 134

100%

41

Virgin Money Financial Services Pty Ltd

51 113 285 395

Members Equity Bank Limited

56 070 887 679

100%

42

Virgin Money Financial Services Pty Ltd

51 113 285 395

ME Portfolio Management Limited

79 005 964 134

100%

43

Virgin Money Home Loans Pty Limited

81 117 183 623

Members Equity Bank Limited

56 070 887 679

100%

44

Virgin Money Home Loans Pty Limited

81 117 183 623

ME Portfolio Management Limited

79 005 964 134

100%

45

BOQ Finance (NZ) Limited
[registered in New Zealand]

Members Equity Bank Limited

56 070 887 679

100%

46

BOQ Finance (NZ) Limited

[registered in New Zealand]

ME Portfolio Management Limited

79 005 964 134

100%

47

Alliance Premium Funding Limited [registered in New Zealand]

Members Equity Bank Limited

56 070 887 679

100%

48

Alliance Premium Funding Limited [registered in New Zealand]

ME Portfolio Management Limited

79 005 964 134

100%

 

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