Notice of intention
Notice of intention to apply to the Federal Court of Australia for confirmation of a scheme under Division 3A of Part III of the Insurance Act 1973 (Cth) for the transfer of part of the insurance business of Insurance Australia Limited to Insurance Manufacturers of Australia Pty Limited.
Notice is given that Insurance Australia Limited ABN 11 000 016 722 (IAL) intends to make an application to the Federal Court of Australia at Sydney for orders confirming a scheme under Division 3A of Part III of the Insurance Act 1973 (Cth) (Insurance Act) to transfer the part of its insurance business underwritten in Victoria under the following brand names to Insurance Manufacturers of Australia Pty Limited (ABN 93 004 208 084) (IMA):
CGU Direct;
Swann; and
Lumley Special Vehicles;
together, the Insurance Business.
Insurance Australia Group Limited ABN 60 090 739 923 (IAG) is the ultimate holding company of the IAG group of companies (IAG Group). Both IAL and IMA are part of the IAG Group and the scheme is being undertaken as part of an internal reorganisation. IAL and IMA are incorporated in Australia, regulated under the Corporations Act 2001 (Cth) and authorised under the Insurance Act to carry on general insurance and reinsurance business in Australia.
Should the scheme be confirmed by the Federal Court of Australia, IMA will be substituted for IAL under the insurance policies which form part of the Insurance Business.
Any person who holds a policy affected by the scheme has the right to:
obtain a copy of the scheme free of charge on request; and
attend the Court hearing and request to be heard on the application for confirmation of the scheme.
Affected policyholders are not required to take any action if they have no objection to the scheme.
An application by IAL for confirmation of the scheme will be made to the Court in Sydney on 14 July 2025 at 9.30am. If you wish to appear at the hearing, it would assist if you could first contact the solicitor for IAL, Matt Ellis of Sparke Helmore Lawyers Level 33, 500 Bourke Street, Melbourne VIC 3000 (telephone: +61 3 9291 ... ; email: Matt.Ellis@sparke.com.au), at least three days before the hearing date.
Copies of this notice, the scheme, the scheme summary and the actuarial report on which the scheme is based (Scheme Documents) can be inspected at the locations listed below between 9:00am and 5:00pm each day (other than weekends and public holidays) from 10 June 2025 until 2 July 2025 (inclusive).
The Scheme Documents may also be viewed during the period set out above on the following websites:
https://www.iag.com.au/licences
https://www.swanninsurance.com.au
https://www.lsvcarinsurance.com.au
A free copy of the Scheme Documents can also be obtained by contacting IAL by telephone 1800 907... or by email licences@iag.com.au.
NEW SOUTH WALES
Sparke Helmore Lawyers
Level 29
25 Martin Place
Sydney NSW 2000
QUEENSLAND
Sparke Helmore Lawyers
Level 23
240 Queen Street
Brisbane QLD 4000
VICTORIA
Sparke Helmore Lawyers
Level 33
500 Bourke Street
Melbourne VIC 3000
AUSTRALIAN CAPITAL TERRITORY
Sparke Helmore Lawyers
Level 7,
224 Bunda Street
Canberra ACT 2600
WESTERN AUSTRALIA
Sparke Helmore Lawyers
Level 9
100 St Georges Terrace
Perth WA 6000
NORTHERN TERRITORY
Sparke Helmore Lawyers
Level 9
24 Mitchell Street
Darwin NT 0800
SOUTH AUSTRALIA
Sparke Helmore Lawyers
Level 13, One Festival Tower Station Road
Adelaide SA 5000
TASMANIA
Page Seager Lawyers
Level 2
179 Murray Street
Hobart TAS 7000
Brisbane 4000
