On 7 October 2021, the Insurance Council of Australia (ICA) lodged an application for authorisation on behalf of itself and certain of its members who issue policies that provide business interruption cover. On 4 November 2021, ICA provided a further public submission confirming the details of the conduct for which it is seeking authorisation.
The ACCC granted interim authorisation on 1 December 2021.
The ACCC issued a draft determination on 24 February 2022 proposing to grant authorisation until 2 October 2023.
On 24 March 2022, the ACCC issued a final determination granting authorisation until 2 October 2023.
The ACCC’s final determination, draft determination and interim authorisation decision and a copy of the application for authorisation are available below.
|ACCC to Interested Parties re Draft Determination ( PDF 168.82 KB )||24 Feb 2022|
|ACCC to Interested Parties re Consultation Process ( PDF 184.09 KB )||5 Nov 2021|
|ACCC to Interested Parties re Final Determination ( PDF 155.76 KB )||24 Mar 2022|
|ACCC to Interested Parties re Interim Authorisation Decision ( PDF 153.46 KB )||1 Dec 2021|
Submissions - before draft decision
Submissions - after draft decision
|Council of Small Business Organisations Australia (CoSBOA) ( PDF 161.07 KB )||10 Mar 2022|
|Australian Small Business and Family Enterprise Ombudsman ( PDF 283.96 KB )||4 Mar 2022|
|AIG Australia Limited ( PDF 146.49 KB )||3 Mar 2022|