Key Documents
On 18 December 2017, the Government responded to the Senate Economics References Committee’s report into the general insurance industry. In releasing the Government’s response to the Senate report, the then Minister for Revenue and Financial Services tasked Treasury with developing proposals to improve consumers’ understanding and access to information through better transparency and enhanced disclosure practices in the general insurance sector.
This discussion paper followed the Government’s announcement and sought stakeholder views on the underlying issues and objectives behind the recommendations made in the Senate report relating to the disclosure regime. The responses to the discussion paper will assist in defining proposals to enable the Government to achieve its objectives and to identify the actions industry can take.