Commonwealth legislation

Medibank Private Sale Act 2006 - Designated Sale Day Declaration 2014

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

The Finance Minister declared 1 December 2014 the “designated sale day” for Medibank Private, confirming that as of that date all shares were held by private investors and not by the Australian Government or government-owned companies. Made on 2 December once the sale was finalised, the declaration legally marks Medibank’s transition from a government business enterprise to a fully private company and triggers related regulatory and guarantee changes.

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Medibank Private Sale Act 2006 - Designated Sale Day Declaration 2014

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Commonwealth of Australia

Medibank Private Sale Act 2006

DESIGNATED SALE DAY DECLARATION 2014

I, MATHIAS HUBERT PAUL CORMANN, Minister for Finance, being of the opinion that 1 December 2014 is the first day after commencement of Schedules 1 and 2 of the Medibank Private Sale Act 2006 on which all shares in Medibank Private Limited (Medibank Private) are held by a person, or persons, other than the Commonwealth or a wholly-owned Commonwealth company, declare that day to be the designated sale day for Medibank Private under subsection 3(1) of the Medibank Private Sale Act 2006.

Dated 2 December 2014

MATHIAS HUBERT PAUL CORMANN

Minister for Finance

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.