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Bills of previous Parliaments

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Insurance Contracts Amendment Bill 2013


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the Insurance Contracts Act 1984 in relation to: duty of utmost good faith; bundled workers’ compensation contracts; bundled contracts generally; electronic communication; powers of the Australian Securities and Investments Commission (ASIC); insureds’ duty of disclosure and duty to inform of duty of disclosure; eligible contracts of insurance; non-disclosure by life insureds; unbundling of contracts; remedies for non-disclosure and misrepresentation; remedy for misstatement of date of birth; cancellation of contracts; requests by third party beneficiaries to insurers for information; insurers’ defences in actions by third party beneficiaries; rights and obligations of third party beneficiaries under life insurance contracts; rights of third parties to recover against insurers; representative actions by ASIC on behalf of third party beneficiaries; non-disclosure or misrepresentation by members of group life insurance schemes; and subrogation.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 14/03/13  
Second reading moved 14/03/13  
Referred to Federation Chamber 19/03/13  
Second reading debate 19/03/13  
Second reading agreed to 19/03/13  
Reported from Federation Chamber 19/03/13  
Third reading agreed to 19/03/13  
     
Senate
Introduced and read a first time 20/03/13  
Second reading moved 20/03/13  
Second reading debate 20/06/13  
Second reading agreed to 20/06/13  
Third reading agreed to 20/06/13  
     
Text of bill as passed both Houses 20/06/13  
Assent 28/06/13 Act no.: 75 - Year: 2013
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • Referred to Committee (21/03/2013): Senate Economics Legislation Committee; Committee report (13/05/2013)
  • Access information for House of Representatives and Senate committees
  • An electronic version of this Act is available in ComLaw ( www.comlaw.gov.au )