Regulatory Approval for the sale of MLC to IOOF - IOOF Approval

Waiting for an internal review by Australian Prudential Regulation Authority of their handling of this request.

Dear Australian Prudential Regulation Authority,

The sale of MLC and the superannuation trusts administered by NULIS Nominees (Australia) Ltd closed on 31 May 2021.

This sale was subject to regulatory approval by APRA.

The document or documents I seek is correspondence from APRA to IOOF confirming that APRA had granted such approval including any conditions that applied to the approval

Yours faithfully,

Phillip Sweeney

Freedom of Information, Australian Prudential Regulation Authority

Dear Mr Sweeney,

I acknowledge receipt of your FOI request dated 2 June 2021. We are processing your request and will respond soon.

Regards,

FOI OFFICER
T 02 9210 3000 | E [APRA request email]

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
1 Martin Place (Level 12), Sydney, NSW 2000 GPO Box 9836, Sydney, NSW 2001 T 02 9210 3000 | W www.apra.gov.au

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Freedom of Information, Australian Prudential Regulation Authority

1 Attachment

Dear Mr Sweeney,

Please find attached APRA's Notice of Decision dated 30 June 2021.

Regards,

FOI OFFICER
T 02 9210 3000 | E [APRA request email]

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY
1 Martin Place (Level 12), Sydney, NSW 2000 GPO Box 9836, Sydney, NSW 2001 T 02 9210 3000 | W www.apra.gov.au

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Dear Australian Prudential Regulation Authority,

Please pass this on to the person who conducts Freedom of Information reviews.

I am writing to request an internal review of Australian Prudential Regulation Authority's handling of my FOI request 'Regulatory Approval for the sale of MLC to IOOF - IOOF Approval'.

It is a matter of public interest that these documents are made available.

MLC's superannuation trustee, NULIS Nominees (Aust) Ltd was found by the Federal Court to have failed in its duty's as Trustee {Australian Securities and Investments Commission v MLC Nominees Pty Ltd & NULIS Nominees (Aust) Ltd [2020] FCA 1306}

On 20 September 2019, the Federal Court of Australia delivered its much-anticipated judgment in the highly publicised proceedings brought by APRA against IOOF's Chairman, Managing Director, three senior executives and two trustee entities for alleged breaches of the SIS Act. Jones Day acted for the former Chairman, Mr George Venardos.

Justice Jayne Jagot ordered that the entirety of APRA's application be dismissed and that APRA pay the respondents' legal costs.

The judgment was a resounding win by IOOF and the individual respondents.

A full history of my FOI request and all correspondence is available on the Internet at this address: https://www.righttoknow.org.au/request/r...

Yours faithfully,

Phillip Sweeney

Australian Prudential Regulation Authority

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