Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p59
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 59/148)
Character Range: 480447–483183

of one or more of the following:
 (a) financial loss in respect of:
 (i) fares for any form of transport to be used; or
 (ii) accommodation to be used;
  in the course of the specified journey in the event that the insured person does not commence or complete the specified journey;
 (b) loss of or damage to personal belongings that occurs while the insured person is on the specified journey;
 (c) a sickness or disease contracted or an injury sustained by the insured person while on the specified journey;
 (d) loss, damage or compensation for an event occurring to the insured person during a specified journey that ordinarily forms a part of insurance commonly regarded as travel insurance, including
 (i) loss of cash or credit cards; and
 (ii) legal liability; and
 (iii) hijack; and
 (iv) kidnap; and
 (v) ransom.
 (2) A travel insurance product does not include:
 (a) insurance to or in relation to which the Marine Insurance Act 1909 applies; or
 (b) insurance entered into, or proposed to be entered into, for the purposes of a law (including a law of a State or Territory) that relates to:
 (i) workers' compensation; or
 (ii) compulsory third party compensation.
 (3) In this regulation:
specified journey means a journey in relation to which insurance cover is provided by the contract.

7.1.17  Meaning of retail client and wholesale client: personal and domestic property insurance product
 (1) For subparagraph 761G(5)(b)(vii) of the Act, a personal and domestic property insurance product is a contract or part of a contract that provides insurance cover (whether or not the cover is limited or restricted in any way) in respect of loss or damage to property that is:
 (a) wholly or predominantly used for personal, domestic or household purposes by:
 (i) the insured; or
 (ii) a relative of the insured; or
 (iii) any person with whom the insured resides; and
 (b) ordinarily used for that purpose.
 (2) A personal and domestic property insurance product does not include:
 (a) insurance to or in relation to which the Marine Insurance Act 1909 applies; or
 (b) insurance entered into, or proposed to be entered into, for the purposes of a law (including a law of a State or Territory) that relates to:
 (i) workers' compensation; or
 (ii) compulsory third party compensation.
 (3) In this regulation:
property includes any of the following:
 (a) moveables;
 (b) valuables;
 (c) a caravan or mobile home;
 (d) an on‑site mobile home;
 (e) a trailer;
 (f) a marine pleasure craft;
 (g) a horse;
 (h) a domestic pet;
 (i) a mobile phone.
relative means any of the following relatives of an insured person:
 (a) mother;
 (b) step‑mother;
 (c) father;
 (d) step‑father;
 (e) brother;
 (f) half‑brother;
 (g) sister;
 (h)