Federal Court of Australia
Federal Court of Australia
AIA Australia Limited, in the matter of AIA Australia Limited [2023] FCA 167 File number: NSD 134 of 2023
Judgment of: DERRINGTON J
Date of judgment: 8 March 2023
Catchwords: INSURANCE – application pursuant to s 191(5) of the Life Insurance Act 1995 (Cth) to dispense with requirement to provide approved summary of scheme to every affected policy owner in respect of transfer of life insurance business – range of matters to be considered – supported by Australian Prudential Regulation Authority – application granted
Legislation: Foreign Acquisitions and Takeovers Act 1975 (Cth) Insurance Acquisitions and Takeovers Act 1991 (Cth) Life Insurance Act 1995 (Cth) Life Insurance Regulations 1995 (Cth)
Cases cited: Asteron Life & Superannuation Ltd, in the matter of Asteron Life & Superannuation Ltd (No 3) (2021) 394 ALR 89 Macquarie Life Ltd, in the matter of Macquarie Life Ltd [2016] FCA 973 National Mutual Life Association of Australasia Ltd, the application of National Mutual Life Association of Australasia Ltd and AMP Life Ltd [2016] FCA 1219 OnePath Life Ltd, in the matter of OnePath Life Ltd [2022] FCA 406 QBE Insurance Australia Ltd, in the matter of QBE Insurance Australia Ltd [2012] FCA 1127 St George Life Ltd, in the matter of St George Life Ltd [2018] FCA 1206 The Application of Commonwealth Life Ltd (2003) 12 ANZ Insurance Cases ¶90-117 The Colonial Mutual Life Assurance Society Ltd, in the matter of the Colonial Mutual Life Assurance Society Ltd [2020] FCA 1809
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate