Commonwealth Consolidated Regulations

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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION REGULATIONS 2001 - REG 12M

Meaning of superannuation - related add - on insurance product

    A superannuation - related add - on insurance product is an add - on insurance product that:

  (a)   is offered or sold to a consumer in connection with the consumer acquiring, or entering into a commitment to acquire, another product or service in a registrable superannuation entity; and

  (b)   provides insurance cover (whether or not the cover is restricted) in respect of one or more of the following:

  (i)   the consumer's death;

  (ii)   the consumer's total and permanent disability;

  (iii)   loss of income by the consumer.

 


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