CTHIn ForceLegislation
Australian Securities and Investments Commission Regulations 2001
12LMeaning of business‑related add‑on insurance product
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#### 12L Meaning of business‑related add‑on insurance product
An add‑on insurance product is a business‑related add‑on insurance product if:
(a) the add‑on insurance product 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 the course of carrying on a business; and
(b) the price of the add‑on insurance product exceeds $1,000.