Approval to Exceed 20% Shareholding Limit - Australian Government


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.

Service type


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 hold 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.


As specified


Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please contact the agency for more information on fees.


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.