Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Norwich Union Life Australia Limited, in the matter of Norwich Union Life Australia Limited (No 2) [2010] FCA 1054
Citation: Norwich Union Life Australia Limited, in the matter of Norwich Union Life Australia Limited (No 2) [2010] FCA 1054
Parties: NORWICH UNION LIFE AUSTRALIA LIMITED (ABN 34 006 783 295) and MLC LIMITED (ABN 90 000 000 402)
File number(s): NSD 825 of 2010
Judge: JACOBSON J
Date of judgment: 24 September 2010
Catchwords: INSURANCE – application for confirmation by Court of scheme for amalgamation of life insurance businesses – requirements to be satisfied before application for confirmation – factors relevant to the exercise of the Court's discretion to confirm the scheme
Legislation: Life Insurance Act 1995 (Cth) ss 191, 192, 193, 194 Life Insurance Regulations 1995 (Cth) regs 9.02, 9.03 Insurance Acquisitions and Takeovers Act 1991 (Cth) s 36
Cases cited: Norwich Union Life Australia Limited, in the matter of Norwich Union Life Australia Limited [2010] FCA 946 referred to Re MetLife Insurance Limited (2007) 63 ACSR 492 cited In the Application of Commonwealth Insurance Holdings Limited and The Colonial Mutual Life Assurance Society Limited [2007] FCA 1012 followed Re Royal and Sun Life Assurance Limited (2000) 104 FCR 37 referred to The Application of GE Mortgage Insurance Pty Limited [2004] FCA 154 followed
Date of hearing: 24 September 2010
Date of last submissions: 24 September 2010
Place: Sydney
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