Federal Court of Australia
Federal Court of Australia
AIA Australia Limited, in the matter of AIA Australia Limited (No 2) [2023] FCA 1305 File number: NSD 134 of 2023
Judgment of: DERRINGTON J
Date of judgment: 30 October 2023
Catchwords: INSURANCE – life insurance – scheme for the transfer of life insurance business – application for confirmation of scheme – relevance of minor non-compliance with orders regarding the publicising of the scheme – no material non-compliance – whether scheme is for the benefit of policy owners – policy owners not adversely affected by the implementation of the scheme – scheme confirmed without modification
Legislation: Competition and Consumer Act 2010 (Cth) 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: AIA Australia Limited, in the matter of AIA Australia Limited [2023] FCA 167 Re Asteron Life & Superannuation Ltd (No 3) (2021) 394 ALR 89 Colonial Mutual Life Assurance Society Limited, in the matter of the Colonial Mutual Life Assurance Society Limited [2021] FCA 394 Colonial Portfolio Services Ltd v Australian Prudential Regulation Authority (2000) 11 ANZ Insurance Cases 90-103 In the application of Commonwealth Insurance Holdings Ltd and The Colonial Mutual Life Assurance Society Ltd [2007] FCA 1012 Macquarie Life Limited, in the matter of Macquarie Life Limited [2022] FCA 1602 MLC Lifetime Company Limited and MLC Limited (No 2) [2006] FCA 1367 National Mutual Life Association of Australasia Limited v Challenger Life No 2 Limited [2009] FCA 1 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 NULIFE Insurance Ltd v Norwich Union Life Australia Limited [2005] FCA 1635 OnePath Life Limited, in the matter of OnePath Life Limited (No 2) [2022] FCA 811 Re Royal & Sun Alliance Life Assurance Ltd (2000) 104 FCR 37 Resolution Life Australasia Ltd v NM Superannuation Pty Ltd [2023] NSWCA 138 St George Life Limited, in the matter of St George Life Limited (No 2) [2018] FCA 1396
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