Approval to Exceed 20% Shareholding Limit - Australian Government

Description

You will require this approval if you intend to acquire more than 20% of shares in a particular financial sector company. A financial sector company includes:

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

To be eligible, you must:

  • specify the percentage of the stake (if any) that you currently holds in the financial sector company
  • specify the percentage of the stake that you are seeking approval to hold in the company
  • set out the reasons for making the application
  • fill any required forms
  • pay any prescribed fees.

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

Duration

As specified on the approval.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

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

Forms

Task Business Structure Resources
Apply All Approval to Exceed 20% Shareholding Limit - Please consult the Contact Officer for information on forms to be submitted.

Act(s) name

Financial Sector (Shareholdings) Act 1998 Australian Government

Administering agency

The Treasury

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Please use these contact details for help or more information:

Enquiries

The Treasury

Mailing address: Langton Crescent
Parkes
Australian Capital Territory 2600
Toll Free: 1800 020 008
Phone: 02 6263 2111
Fax: 02 6263 2869
Email: department@treasury.gov.au
Website: The Treasury (Opens in new window)