@Frank - I haven't checked, but I guess CASA is a Government Authority enabled by an Act of Federal Parliament i.e. no shares or shareholders.
I have no idea what this "... majority stakeholder" thing is you are referring to.
You make some reference to "... illegal for a government majority stakeholder entity to do so" (having insurance).
I think you are wrong about this, but am not sure. Can you please supply a reference to substantiate your point?
Put up or shut up.