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
3 Subsection 11(1)
Insert:
consumer insurance contract has the meaning given by section 11AB.
duty to take reasonable care not to make a misrepresentation means the duty referred to in section 20B.
relevant failure , in relation to a contract of insurance, has the meaning given by section 27AA.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
