Financial Sector Reform (Hayne Royal Commission Response) Act 2020 (135 of 2020)
Schedule 7 Claims handling and settling services
Corporations Act 2001
17 After subsection 941C(7)
Insert:
Claims handling and settling service
(7A) The providing entity does not have to give the client a Financial Services Guide if:
(a) the financial service consists only of a claims handling and settling service; and
(b) the claims handling and settling service does not consist only of representing the client as a person insured under an insurance product in pursuing a claim under that product.
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