Federal Court of Australia
Federal Court of Australia
Allianz Australia General Insurance Limited, in the matter of Allianz Australia General Insurance Limited [2023] FCA 994 File number(s): NSD 554 of 2023
Judgment of: JACKMAN J
Date of judgment: 18 August 2023
Date of publication of reasons: 21 August 2023
Catchwords: INSURANCE – application for confirmation of scheme for intra-group transfer of insurance business – whether implementation of the scheme will materially detrimentally affect policyholders – where no change will be effected to the policies or the management of claims on those policies – where no change will be effected to the financial security of the transferor's policyholders – scheme confirmed
Legislation: Corporations Act 2001 (Cth) s 411 Federal Court of Australia Act 1976 (Cth) s 37M Insurance Acquisition and Takeovers Act 1991 (Cth) s 41 Insurance Act 1973 (Cth) ss 17B, 17C, 17E, 17F
Cases cited: Australian Securities and Investments Commission v Zurich Australia Limited [2023] FCA 712 Re Aioi Nissay Dowa Insurance Co Ltd [2023] FCA 697 Re Australian Branch of Great Lakes Insurance SE (trading as Great Lakes Australia) [2020] FCA 629 Re Insurance Australia Limited [2004] FCA 524; (2004) 139 FCR 450 Re Insurance Australia Limited (No 2) [2017] FCA 980 Re Tesserent Limited [2023] FCA 969 Re Vita Group Ltd [2023] FCA 400 Re Vita Group Ltd (No 2) [2023] FCA 623
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