Media Release

Providing Certainty on Disclosure Requirements for Insurance Policies

MC 55/14

Senator the Hon. Mathias Cormann
Minister for Finance
Acting Assistant Treasurer

2 June 2014

The Government is today releasing draft notices that will provide greater certainty and consistency for consumers and insurers on disclosure requirements for insurance policies.

These new notices will ensure that insurers provide consumers with a standard, consistent description of what they need to disclose before taking out insurance or when renewing their policies.

The Regulations related to these notices are also being released today.

The draft Regulations and their explanatory material are available on the Treasury website.

Submissions close on 27 June 2014.

[ENDS]

Media Contact(s): 

Karen Wu - 0428 350 139