Financial Rights Legal Centre and Redfern Legal Centre have advocated for the removal of the exemption of unfair contract term protections in the Insurance Contracts Act 1984 since the inception of the unfair contract terms regime 2010. Removing this unjustified anomaly from the law is well overdue. We therefore strongly support the Government’s commitment to removing the exemption and strongly support the grand majority of proposals put forward in the Proposals Paper. These are sensible and effective reforms and Treasury deserve congratulations for its work.
