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Financial Sector Reform (Hayne Royal Commission Response) Bill 2020

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2019-2020

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

Financial Sector Reform (Hayne Royal Commission Response) Bill 2020

 

 

(1)     Schedule 3, page 36 (after line 14), at the end of section 12DX, add:

Pre-condition for making regulations

             (3)  Before making regulations for the purposes of subsection (1), the Governor-General must ensure the Minister is satisfied that the class of add-on insurance products has historically been good value.

[add-on insurance products]