Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 4   Insurance

Part 1   Public interest

Insurance Acquisitions and Takeovers Act 1991

3   Paragraph 5(1)(b)

Repeal the paragraph, substitute:

(b) likely to result in a person who is not a fit and proper person to be in a position of influence over the company being in such a position of influence; or