Federal Court of Australia
Federal Court of Australia
OnePath Life Limited, in the matter of OnePath Life Limited (No 2) [2022] FCA 811 File number: NSD 214 of 2022
Judgment of: JAGOT J
Date of judgment: 6 July 2022
Catchwords: INSURANCE — confirmation of scheme for transfer of life insurance business — compliance with notification of scheme to policyholders — no adverse effects on policy owners — rights and liabilities of policy holder unaffected by scheme — scheme confirmed
Legislation: Corporations Act 2001 (Cth) s 9 Foreign Acquisitions and Takeovers Act 1975 (Cth) Insurance Acquisitions and Takeovers Act 1991 (Cth) s 41(1) Insurance Contracts Act 1984 (Cth) s 31 Life Insurance Act 1995 (Cth) ss 3(1), 48(3), 191(2)(a), 191(2)(b), 191(2)(c), 191(4), 191(5), 192, 193, 194, 194(2) Life Insurance Regulations 1995 (Cth) regs 9.02(1), 9.03, 9.02(4)
Cases cited: OnePath Life Limited, in the matter of OnePath Life Limited [2022] FCA 406
Division: General Division
Registry: New South Wales
National Practice Area: Commercial and Corporations
Sub-area: Commercial Contracts, Banking, Finance and Insurance
Number of paragraphs: 54
Date of hearing: 6 July 2022
Counsel for the Applicants: Mr R Hollo SC
Solicitor for the Applicants: MinterEllison
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