CS 19 Proposed remake of incidental retail cover legislative instrument
Released 16 May 2025. Comments close 16 June 2025.听
ob体育 proposes to remake a legislative instrument that exempts insurers and brokers from certain retail client obligations, specifically when incidental retail cover provided in business insurance contracts.听
, which exempts insurers and brokers from certain retail client obligations under Chapter 7 of the鈥�Corporations Act 2001, is scheduled to end on 16 August 2025.听
We have assessed that this instrument is generally operating effectively and efficiently and continues to form a necessary and useful part of the legislative framework.鈥�听
A consultation paper was not issued for this consultation.听
Providing feedback听
We invite feedback on our proposal. You should send your submission to [email protected] by 5 pm AEST on 16 June 2025.鈥赌�听
You may choose to remain anonymous or use an alias when providing feedback. However, if you do remain anonymous, we will not be able to contact you to discuss your feedback should we need to.听
We will not treat your feedback as confidential unless you specifically request that we treat the whole or part of it (such as any personal or financial information) as confidential.听
Please see our privacy policy for more information on how we handle personal information, your rights to seek access to and correct personal information, and your right to complain about breaches of privacy by ob体育.听
Background听
commenced on 16 August 2022.鈥�听
The relief provided through the instrument includes several conditions to ensure it is appropriately targeted and that the retail cover is genuinely incidental to, and inseparable from, the wholesale insurance product.听听
Related links听
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