Two additional draft guidelines have been released for consultation (on 16 November 2017):



Comments on the draft guidelines are to be sent to the Insurance Monitor at: [email protected] by 4pm of 1 December 2017


The Guidelines provide advice on how to avoid contravening the Act. Substantial penalties exist for contravention of the Act, including penalties of up to $10 million for a body corporate and $500,000 for an individual.


Each of these Guidelines, when finalised, will be issued under section 21 of the Act.


The Monitor proposes to issues both of these Guidelines in early December 2017.