Insurance Contracts Amendment Bill 2010

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
42

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Summary

Amends the Insurance Contracts Act 1984 in relation to: duty of utmost good faith; ‘bundled’ workers’ compensation contracts; ‘bundled contracts’; enabling the use of electronic communication for statutory notices and documents; extending the Australian Securities and Investments Commission powers under the Act; disclosure and misrepresentations; remedies for bundled contracts of life insurance; the rights and obligations of third parties; and the division of proceeds from a recovery action.

Progress

House of Representatives
Introduced and read a first time 17 Mar 2010
Second reading moved 17 Mar 2010
Referred to Main Committee 24 May 2010
Second reading debate 25 May 2010
Second reading debate 22 Jun 2010
Second reading agreed to 22 Jun 2010
Reported from Main Committee 23 Jun 2010
Third reading agreed to 23 Jun 2010
Senate
Introduced and read a first time 24 Jun 2010
Second reading moved 24 Jun 2010
Lapsed at end of Parliament 28 Sep 2010

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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