Insurance Acquisitions and Takeovers (Public Interest) Determination 2024 (Cth)

Insurance Acquisitions and Takeovers (Public Interest) Determination 2024

I, Stephen Jones, Assistant Treasurer and Minister for Financial Services, make the following determination.

Dated 28 February 2024

Stephen Jones Assistant Treasurer Minister for Financial Services

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Definitions Part 2—Public interest matters 5 Fit and proper person 6 Position of influence over a company 7 Undue concentration of power 8 Contrary to the national interest

Part 1—Preliminary

1 Name This instrument is the Insurance Acquisitions and Takeovers (Public Interest) Determination 2024.

2 Commencement (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. The whole of this instrument 1 March 2024.

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument. (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3 Authority This instrument is made under the Insurance Acquisitions and Takeovers Act 1991.

4 Definitions Note: Expressions have the same meaning in this instrument as in the Insurance Acquisitions and Takeovers Act 1991 as in force from time to time—see paragraph 13(1)(b) of the Legislation Act 2003. In this instrument: the Act means the Insurance Acquisitions and Takeovers Act 1991.