Title Financial Sector Reform (Hayne Royal Commission Response) Bill 2020
Database Amendments
Date 22-03-2021 04:53 PM
Source Senate
System Id legislation/amend/r6630_amend_f8efa102-1c36-4261-a61b-9dd7ab89a751


Financial Sector Reform (Hayne Royal Commission Response) Bill 2020

1180

2019‑2020

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Financial Sector Reform (Hayne Royal Commission Response) Bill 2020

 

 

(1)     Schedule 3, item 2, 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]