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Second Reading Speeches

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.