Approval to Exceed 20% Shareholding Limit - AG - Australian Business Licence and Information Service

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.

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 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.

Prerequisites

Might Need

Approval to Use Certain Words in a Business Name

Duration

As specified

Fees

Task	Type	Business Structure	Description
Apply	Application	All	Please contact the agency for more information on fees.

Forms

Task	Business Structure	Resources
Apply	All	Application for 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

**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
Email:	department@treasury.gov.au
Website:	The Treasury (Opens in new window)

Approval to Exceed 20% Shareholding Limit - Australian Government