Commonwealth Consolidated Acts

INSURANCE CONTRACTS ACT 1984 - SECT 11B

    For the purpose of undertaking the general administration of the relevant legislation, ASIC has power to do all things that are necessary or convenient to be done in connection with the administration of the relevant legislation and, without limiting the generality of that power, has power:

  (a)   to promote the development of facilities for handling inquiries in relation to insurance matters; and

  (b)   to monitor complaints in relation to insurance matters; and

  (c)   to liaise generally with other persons or bodies having a responsibility to deal with inquiries, complaints and disputes concerning insurance matters; and

  (d)   to review documents (including documents promoting particular kinds of insurance cover) issued by insurers and given to ASIC in compliance with section   11C; and

  (e)   to review particulars, statistics and documents given to ASIC in compliance with section   11D; and

  (f)   to monitor legal judgments, industry trends and the development of community expectations that are, or are likely to be, of relevance to the efficient operation of the relevant legislation; and

  (g)   to promote the education of the insurance industry, the legal profession and consumers as to the objectives and requirements of the relevant legislation.