Approval to hold a stake of more than 20% in a financial sector company No. 7 of 2021 (Cth)

Approval to hold a stake of more than 20% in a financial sector company No. 7 of 2021

Financial Sector (Shareholdings) Act 1998

To: Craig Fenwick, Simon Beitz and the other persons named in the schedule (the applicants)

SINCE:

1. the applicants have applied to the Treasurer under subsection 13(1) of the Financial Sector (Shareholdings) Act 1998 (the Act) for approval to hold a stake of more than 20% in Alex Corporation Limited ABN 89 634 554 608 (the financial sector company);

B. I have considered the matters prescribed in the Financial Sector (Shareholdings) Rules 2019; and

C. I am satisfied that the criteria in subsection 14A(1) of the Act are met in relation to the applicants and the financial sector company,

I, Therese McCarthy Hockey, a delegate of the Treasurer, under paragraph 14(1)(b) of the Act, APPROVE the applicants holding a stake of 33% in the financial sector company.

Under subsection 16(1) of the Act, the approval is subject to the conditions set out in the schedule.

This instrument commences on the day it is made and remains in force for the period worked out under section 15A of the Act.

Dated: 7 July 2021

Therese McCarthy Hockey Executive Director Banking Division

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

financial sector company has the meaning given in section 3 of the Act. relevant licensed company has the meaning given in section 3 of the Act.

stake in relation to a company, has the meaning given in clause 10 of Schedule 1 to the Act.

Notes

This instrument will be registered on the Federal Register of Legislation as a notifiable instrument.

The Treasurer or the Treasurer's delegate is required to give a copy of this instrument to the financial sector company and, where applicable, the relevant licensed company.