CP 339 Implementing the Royal Commission recommendations: The deferred sales model for add-on insurance
Released 11 March 2021. Comments closed 23 April 2021.
This consultation paper seeks feedback on ASIC’s proposed approach to implementation of the deferred sales model for add-on insurance.
We are seeking the views of interested stakeholders, including industry and consumers, on our proposals for guidance on complying with the deferred sales model, our approach to the granting of exemptions, and the content, form and manner of provision of the prescribed information that must be given to a customer before the deferral period starts.
- Consultation Paper 339 (PDF 474 KB)
- Attachment 1 to CP 339: Draft Regulatory Guide 000 The deferred sales model for add-on insurance (PDF 770 KB)
- Attachment 2 to CP 339: Data template for applications for exemption from the deferred sales model (Excel 89 KB)
- 21-043MR ASIC consults on implementing a deferred sales model for add-on insurance products
- Regulatory Guide 275 The deferred sales model for add-on insurance and attachments (Compliant form and data template)
- ASIC (Information under the Deferred Sales Model for Add-On Insurance) Instrument 2021/632 and explanatory statement
- Report 695 Response to submissions on CP 339 on the deferred sales model for add-on insurance
- Australian Banking Association (PDF 291 KB)
- Australian Finance Industry Association (PDF 130 KB)
- Caravan Industry Association of Australia (PDF 249 KB)
- Consumer Action Law Centre and Financial Rights Legal Centre (joint submission) (PDF 774 KB)
- Customer Owned Banking Association (PDF 224 KB)
- Finance Brokers Association of Australia (PDF 139 KB)
- Financial Services Council (PDF 396 KB)
- Insurance Council of Australia (PDF 241 KB)
- Legal Aid NSW (PDF 310 KB)
- Legal Aid Queensland (PDF 242 KB)
- National Insurance Brokers Association (PDF 736 KB)
- NM Insurance Pty Ltd (PDF 138 KB)