Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p8
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 8/43)
Character Range: 1284684–1287541

relation to a general insurance product, if:
 (a) information is required to be stated in dollars; and
 (b) the amount can only be determined:
 (i) after the responsible person assesses the risk of the insured; or
 (ii) after the insured has nominated desired levels of insurance cover;
the responsible person may comply with the requirement to state the information by either of the ways mentioned in subregulation (5).
 (5) For subregulation (4), the responsible person may state the information by:
 (a) stating an amount in dollars in the Product Disclosure Statement; or
 (b) giving to the insured:
 (i) a document containing the information, as soon as practicable (but in any case, not later than 5 business days after the responsible person issues the general insurance product); and
 (ii) a statement in the Product Disclosure Statement that sets out the information in at least 1 of the following formats:
 (A) as a range of amounts in dollars;
 (B) as a percentage of a matter that is mentioned in the statement;
 (C) as a description.

7.9.15CA  Less information in Product Disclosure Statement—financial claims scheme
 (1) This regulation applies from 18 April 2010 to 11 October 2011.
 (2) For paragraph 1013D(4)(b) of the Act, paragraphs 1013D(1)(b) and (f) of the Act do not require a Product Disclosure Statement to contain information relating to Division 2AA of Part II of the Banking Act 1959 or Part VC of the Insurance Act 1973.

7.9.15D  Less information in product disclosure statement: general insurance product
  For paragraph 1013D(4)(a) of the Act, the following provisions do not apply to a Product Disclosure Statement that relates to a general insurance product:
 (a) paragraph 1013D(1)(c);
 (b) subparagraph 1013D(1)(d)(iii);
 (c) paragraph 1013D(1)(e);
 (d) paragraph 1013D(1)(h);
 (e) paragraph 1013D(1)(j);
 (f) paragraph 1013D(1)(l).

7.9.15DA  Statement or information not included in a Product Disclosure Statement
 (1) For paragraph 1020G(1)(c) of the Act, and subject to subregulation (1A) and (4), a responsible person is not required to include a statement or information mentioned in Part 7.9 of the Act in a Product Disclosure Statement if:
 (a) the statement or information is in writing and is publicly available in a document other than the Product Disclosure Statement; and
 (b) the Product Disclosure Statement:
 (i) refers to the statement or information; and
 (ii) provides sufficient details about the statement or information to enable a person:
 (A) to identify by a unique identifier the document, or part of the document, that contains the statement or information; and
 (B) to locate the statement or information; and
 (C) to decide whether or not to read the statement or information or obtain a copy of the statement or information; and
 (iii) states that a copy of the statement or information may