Document ID: chunk:federal_register_of_legislation:C2024C00063:front:0:p2
Version: federal_register_of_legislation:C2024C00063
Segment Type: other
Provision Reference: 
Character Range: 2699–5675

to intervene in proceedings
Part II—The duty of the utmost good faith
12 This Part not to be read down
13 The duty of the utmost good faith
14 Parties not to rely on provisions except in the utmost good faith
14A Powers of ASIC—insurer's failure to comply with the duty of the utmost good faith in relation to handling or settlement of claims
15 Certain other laws not to apply
Part III—Insurable interests
Division 1—General insurance
16 Insurable interest not required
17 Legal or equitable interest not required at time of loss
Division 2—Other contracts of insurance
18 Insurable interest not required
Division 3—Naming of persons benefited
20 Persons benefited need not be named
Part IV—Disclosures and misrepresentations
Division 1A—Consumer insurance contracts: insured's duty to take reasonable care not to make a misrepresentation
20A Application of this Division
20B The insured's duty to take reasonable care not to make a misrepresentation
20C Warranties of existing facts to be representations
Division 1—Other contracts: insured's duty of disclosure
20E Application of this Division
21 The insured's duty of disclosure
22 Insurer to inform of duty of disclosure
Division 2—Other contracts: misrepresentations by insured
23A Application of this Division
23 Ambiguous questions
24 Warranties of existing facts to be representations
25 Misrepresentation by life insured
26 Certain statements not misrepresentations
27 Failure to answer questions
Division 3—Remedies for relevant failures
27AA Meaning of relevant failure
27A Certain contracts of life insurance may be treated as if they comprised 2 or more separate contracts of life insurance
28 General insurance
29 Life insurance
30 Misstatements of age
31 Court may disregard avoidance in certain circumstances
32 Relevant failure by life insured covered under group life contract
32A Relevant failure by holder of RSA
33 No other remedies
Division 4—Key Facts Sheets
33A Application of this Division
33B What is a Key Facts Sheet?
33C Insurer's obligation to provide Key Facts Sheet
33D Provision of Key Facts Sheet does not constitute clearly informing
Part V—The contract
Division 1—Standard cover
34 Interpretation
35 Notification of certain provisions
36 Interpretation of regulations
37 Notification of unusual terms
Division 1A—Definition of flood
37A Application of this Division
37B Meaning of flood in prescribed contracts etc.
37C Insurer must clearly inform insured whether prescribed contract provides insurance cover in respect of flood
37D Circumstances in which prescribed contract is taken to provide insurance cover etc. in respect of flood
37E Division not to affect provision of insurance cover for certain events
Division 2—General provisions relating to insurance contracts
38 Interim contracts of insurance
39 Instalment contracts of general insurance
40 Certain contracts of liability insurance
41 Contracts of liability insurance—consent of insurer required for settlement etc. of claim