Coronavirus (COVID-19) updates from the Australian Government

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
Aussietravelcover - pdf 528.09 KB
Cover Genius - pdf 13.45 MB
Cover-More - pdf 1.1 MB
ERIC Insurance - pdf 398.87 KB
Fast Cover - pdf 499.28 KB
Flight Centre - pdf 3.2 MB
iSelect - pdf 505.15 KB
Legal Aid Queensland - pdf 231.28 KB
MLC Limited - pdf 279.83 KB
National Australia Bank - pdf 408.34 KB
Nib Travel - pdf 355.76 KB
Qantas Group - pdf 546.91 KB
Suncorp - pdf 322.21 KB
Westpac Group - pdf 1.76 MB