Document ID: chunk:federal_register_of_legislation:C2024C00063:section:33c
Version: federal_register_of_legislation:C2024C00063
Segment Type: section
Provision Reference: s 33C
Character Range: 70289–71386

33C  Insurer's obligation to provide Key Facts Sheet
 (1) An insurer must provide a Key Facts Sheet for a prescribed contract, or a potential prescribed contract, in the circumstances, and in the manner, prescribed by the regulations.
Civil penalty: 5,000 penalty units.
 (2) Regulations made for the purposes of subsection (1) may prescribe circumstances in which a Key Facts Sheet may or must be provided by electronic means. The regulations have effect despite subsection 77(1).
 (3) The regulations may prescribe exceptions to the requirement in subsection (1).
Note: A defendant bears an evidential burden in relation to a matter prescribed for the purposes of subsection (3) (see subsection 13.3(3) of the Criminal Code).
 (4) The following provisions do not apply in relation to the requirement in subsection (1):
 (a) subsection 11(11);
 (b) section 69.

Offence
 (5) An insurer commits an offence if:
 (a) the insurer is subject to a requirement under subsection (1); and
 (b) the insurer engages in conduct; and
 (c) the conduct contravenes the requirement.
Penalty: 150 penalty units.