Federal Register of Legislation - Australian Government

Primary content

This instrument amends the the Financial Sector (Shareholdings) (Resolution Life) Instrument 2021 to make updates reflecting recent changes to approved shareholders and to permit a limited corporate restructure.
Administered by: Treasury
Registered 15 Jun 2022
Date of repeal 17 Jun 2022
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms of Australia

 

Financial Sector (Shareholdings) (Resolution Life) Amendment Instrument 2022

I, Katy Gallagher, Minister for Finance, as authorised by the Treasurer, make the following instrument.

Dated               13 June 2022

 

Katy Gallagher

Minister for Finance
for the Treasurer

 

  

  


Contents

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

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

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

4  Schedules................................................................................................................................. 1

Schedule 1—Amendments                                                                                            2

Financial Sector (Shareholdings) (Resolution Life) Instrument 2021                                        2

 

 


1  Name

                   This instrument is the Financial Sector (Shareholdings) (Resolution Life) Amendment Instrument 2022.

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Note:          This table relates only to the provisions of this instrument as originally made.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

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

 

Financial Sector (Shareholdings) (Resolution Life) Instrument 2021

1  Subsection 6(2) (after table item 1)

Insert:

 

1A

Resolution Life Australasia Limited

84 079 300 379

 

2  Subsection 6(2) (after table item 11)

Insert:

 

11A

ACTU Super Shareholding Pty Ltd

 

 

3  Subsection 6(2) (table item 17)

Repeal the item.

4  Subsection 6(2) (after table item 21)

Insert:

 

21A

Ann Barbara Wisniewski

 

 

5  Subsection 6(2) (after table item 28)

Insert:

 

28A

The Australian Industry Group

76 369 958 788

28B

AustralianSuper Pty Ltd as trustee for AustralianSuper

65 714 394 898

28C

Australian Workers Union

28 853 022 982

 

6  Subsection 6(2) (after table item 29)

Insert:

 

29A

Automotive Food Metals Engineering Printing & Kindred Industries Union (also known as the Australian Manufacturing Workers’ Union)

59 459 725 116

 

7  Subsection 6(2) (after table item 39)

Insert:

 

39A

Claudia Joyce

 

 

8  Subsection 6(2) (after table item 42)

Insert:

 

42A

Construction, Forestry, Maritime, Mining & Energy Union

17 402 743 835

 

9  Subsection 6(2) (after table item 48)

Insert:

 

48A

Deauville Washington Pty Ltd as trustee for DW Unit Trust

 

 

10  Subsection 6(2) (after table item 55)

Insert:

 

55A

Elfriede Lewnowski

 

55B

Elfriede Lewnowski as trustee for the Lion Purpose Trust

 

 

11  Subsection 6(2) (after table item 77)

Insert:

 

77A

Keber Investments Pty Ltd as trustee for the KI2 Trust

 

 

12  Subsection 6(2) (after table item 94)

Insert:

 

94A

Lion International Trust Company Limited as trustee for the Oskar P and Elfriede H Lewnowski Family Trust

 

 

13  Subsection 6(2) (after table item 102)

Insert:

 

102A

MMW One Pty Ltd as trustee for the MMW One Trust

62 699 497 706

 

14  Subsection 6(2) (after table item 117)

Insert:

 

117A

Oskar P Lewnowski III

 

 

15  Subsection 6(2) (after table item 134)

Insert:

 

134A

Sally McManus

 

 

16  Subsection 6(2) (after table item 169)

Insert:

 

169A

United Workers Union

52 728 088 684

 

17  Subsection 6(2) (after table item 178)

Insert:

 

179

Wahani Corporation Pty Ltd as trustee for the FMW Investment Trust

52 728 088 684

 

18  Subsection 6(3) (table item 1, column headed “Financial sector company”)

Omit “AMP Life Limited”, substitute “Resolution Life Australasia Limited”.

19  Subsection 6(3) (after table item 3)

Insert:

 

3A

Resolution Life Finance (Bermuda) Ltd

 

100%

 

20  Subsection 6(3) (after table item 4)

Insert:

 

4A

Resolution Life Group Finance (Bermuda) Ltd

 

100%

4B

Resolution Life Group Holdings L.P.

 

100%

4C

Resolution Life Group Holdings Ltd

 

100%

 

21  Subsection 6(3) (after table item 5)

Insert:

 

5A

RLGH Finance Bermuda Ltd

 

100%

 

22  Subsection 7(2)

Omit “within Australia”, substitute “within Australia or New Zealand”.