Federal Court of Australia
Federal Court of Australia
Colonial Mutual Life Assurance Society Limited, in the matter of The Colonial Mutual Life Assurance Society Limited [2021] FCA 394 File number: NSD 1245 of 2020
Judgment of: ALLSOP CJ
Date of judgment: 15 March 2021
Date of publication of reasons: 21 April 2021
Catchwords: INSURANCE – life insurance – scheme for transfer of life insurance business – application to Court for confirmation of scheme – scheme confirmed without modification
Legislation: Financial Sector (Shareholdings) Act 1998 (Cth) Foreign Acquisitions and Takeovers Act 1975 (Cth) s 74(2) Insurance Acquisitions and Takeovers Act 1991 (Cth) s 41 Life Insurance Act 1995 (Cth) ss 190, 191, 193, 194 Life Insurance Regulations 1995 (Cth) regs 9.02, 9.03
Cases cited: Application by the Colonial Mutual Life Assurance Society Limited (ACN 004 021 809 & Anor [2020] FCA 1809 In the Application of Commonwealth Insurance Holdings Ltd and The Colonial Mutual Life Assurance Society Ltd [2007] FCA 1012 MLC Lifetime Company Limited and MLC Limited (No 2) [2006] FCA 1367 National Mutual Life Association of Australasia Limited, the application of National Mutual Life Association of Australasia Limited and AMP Life Limited (No 2) [2016] FCA 1591 Re Armstrong Jones Life Assurance Limited [1997] FCA 377; 74 FCR 160 Re Royal & Sun Alliance Life Assurance Ltd [2000] FCA 1259; 104 FCR 37
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