Reforms to the sale of add-on insurance products

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Proposals Paper

Key Documents

On 4 February 2019 the Government announced it would introduce an industry-wide deferred sales model for add-on insurance products in response to recommendation 4.3 of the Financial Services Royal Commission. This paper outlines the Government’s proposed model and seeks targeted feedback from stakeholders.

Submissions

41 submissions were received for this consultation, including 9 confidential submissions.

AIA Australia Limited - pdf 250.74 KB
ALI Group - pdf 212.99 KB
Allianz Australia - pdf 322.56 KB
Assetinsure - pdf 221.54 KB
Association of Financial Advisers - pdf 229.88 KB
Aussietravelcover - pdf 528.09 KB
Australian Federation of Travel Agents - pdf 604.93 KB
Australian Financial Complaints Authority - pdf 155.38 KB
Australian Furniture Removers Association - pdf 521.48 KB
Australian Mobile Telecommunications Association - pdf 345.23 KB
Australian Securities and Investments Commission - pdf 339.19 KB
CALC, FRLC, WEstjustice, CCLSWA, CCLCSA, CHOICE and ACCAN - pdf 823.71 KB
Cover Genius - pdf 13.45 MB
Cover-More - pdf 1.1 MB
Domestic and General insurance plc - pdf 486.13 KB
ERIC Insurance - pdf 398.87 KB
Fast Cover - pdf 499.28 KB
Financial Services Council - pdf 307 KB
Flight Centre - pdf 3.2 MB
Insurance Council of Australia - pdf 144.11 KB
iSelect - pdf 505.15 KB
Legal Aid Queensland - pdf 231.28 KB
Live Performance Australia - pdf 241.83 KB
MLC Limited - pdf 279.83 KB
National Australia Bank - pdf 408.34 KB
National Automotive Leasing and Salary Packaging Association - pdf 230.18 KB
National Insurance Brokers Association - pdf 458.19 KB
Nib Travel - pdf 355.76 KB
Qantas Group - pdf 546.91 KB
Suncorp - pdf 322.21 KB
Westpac Group - pdf 1.76 MB
Zurich Australia Life and Investments - pdf 966.6 KB