4Definitions

4 Definitions

Note Expressions have the same meaning in this instrument as in the Competition and Consumer Act 2010 as in force from time to time—see paragraph 13(1)(b) of the Legislation Act 2003.

In this instrument:

ANZSIC means the Australian and New Zealand Standard Industrial Classification 2006 (1292.0) published by the Australian Statistician, as revised and in force on the day this instrument commences.

Note: In 2021, the text of the Australian and New Zealand Standard Industrial Classification 2006 was accessible through the Australian Bureau of Statistics website (http://www.abs.gov.au).

auxiliary insurance industry means the auxiliary insurance services (class 6420) as classified in ANZSIC.

contents, in relation to a residential building, has the same meaning as in the Insurance Contracts Regulations 2017.

covered insurance policies means insurance cover in respect of the destruction of, or damage to one or more of the following:

(a) a home building;
(b) contents of residential building;
(c) a strata title residence;
(d) commercial premises, and contents of those commercial premises, if the sums insured do not exceed $5 million.

exempt supply has the same meaning as in Part VIIA of the Act.

general insurance industry means the general insurance industry (class 6322) as classified in ANZSIC.

good has the same meaning as in Part VIIA of the Act.

home building has the same meaning as in the Insurance Contracts Regulations 2017.

price has the same meaning as in Part VIIA of the Act.

real property has the same meaning as in A New Tax System (Goods and Services Tax) Act 1999.

residential building has the same meaning as in the Insurance Contracts Regulations 2017.

service has the same meaning as in Part VIIA of the Act.

State or Territory authority has the same meaning as in Part VIIA of the Act.

strata title residence has the meaning given by subsection 33(3) of the Insurance Contracts Regulations 2017.