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Disclosure in General Insurance: Improving Consumer Understanding

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 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.

The discussion paper follows the Government’s announcement and seeks stakeholder views on the underlying issues and objectives behind the recommendations made in the Senate report relating to the disclosure regime.

Responses to the discussion paper will assist in defining proposals to enable the Government to use regulatory tools to achieve its objectives and to identify the actions industry can take.

Responding

You can submit responses to this consultation up until 28 February 2019.

Interested parties are invited to comment on this consultation.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

How to respond

Post

Address written submissions to:

Manager, Insurance and Financial Services Unit
Financial System Division
The Treasury
Langton Crescent
PARKES ACT 2600