Approval for Mergers, Takeovers or Large Shareholdings - Australian Government

Service summary

You will require this approval if you intend to acquire more than 15% of shares in a particular financial sector company.

A financial sector company includes:

  • An authorised deposit-taking institution (ADI)
  • An authorised insurance company

        or

  • A holding company of an ADI or authorised insurance company.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

Please consult with the Contact Officer for information on any eligibility requirements.

Prerequisites

Duration

As specified on the approval.

Fees

 TypeDescription
ApplyApplication

Please consult the Contact Officer for information on fees to be submitted.

Forms

 Resources
Apply

Approval for Mergers, Takeovers or Large Shareholdings - Please consult the Contact Officer for information on forms to be submitted.

Administering agency

The Treasury

Act(s) name

Financial Sector (Shareholdings) Act 1998 (Australian Government)

Contact details

Enquiries
The Treasury


Mailing address:
Langton Crescent
Parkes
Australian Capital Territory 2600

Phone:

1800020008

Phone:

02 62632111

Fax:

02 62632869
department@treasury.gov.au

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.