Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_34:p2
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 34 (pt 2/2)
Character Range: 815563–816769

aware of any commission to be paid by the insurer in relation to the insurance contract—the amount of the commission expressed either as a monetary amount or as a proportion of the premium, if ascertainable when the statement is given;
(if not previously disclosed in accordance with this Code).
In the case of consumer credit insurance that includes a contract of general insurance within the meaning of the Insurance Contracts Act 1984:
 (c) it is sufficient compliance with paragraph (a) if the statement of account contains the name of the general insurer, the total amount payable to the insurers and the kind of insurance; and
 (d) it is sufficient compliance with paragraph (b) if the statement of account contains the total amount of commission (expressed as a monetary amount or as a proportion of the premium) to be paid by the insurers.

Alterations
 (11) A statement of account must contain any correction of information in a previous statement of account.

Other
 (12) A statement of account must contain any other information required by the regulations.
Note: Sections 180 to 182 set out the tolerances and assumptions applicable to matters required to be included in statements of accounts.