Financial Sector Reform (Hayne Royal Commission Response) Act 2020 (135 of 2020)

Schedule 2   Insurer avoidance of life insurance contracts, and duty to take reasonable care not to make a misrepresentation

Part 2   Duty to take reasonable care not to make a misrepresentation

Insurance Contracts Act 1984

13   Before section 23

Insert:

23A Application of this Division

This Division applies in relation to:

(a) contracts of insurance that are not consumer insurance contracts; and

(b) proposed contracts of insurance that, if entered into, would not be consumer insurance contracts.