Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Current HansardDownload Current Hansard   

Previous Fragment    Next Fragment
Thursday, 14 June 1984
Page: 3082

Senator HILL(10.06) — The Opposition does not oppose the amendments to the Insurance Contracts Bill 1984 although we wonder why they are necessary. What appears to be happening is that the old section 76 is being divided into three parts. In fact, section 76 has been divided into sub-section (1) and sub-section (3) of the proposed new section. An additional sub-clause is added as sub-clause (2) which states:

Nothing in sub-section (1) entitles an insured-

(a) to recover from an insurer an amount that exceeds the sum insured under the contract between the insured and that insurer;

We would have thought that in any event that would be obvious. Therefore, the addition of that extra sub-clause is unnecessary. If it is the Government's wish that that be included, the Opposition will not object.