33CInsurer’s obligation to provide Key Facts Sheet

#### 33C Insurer’s obligation to provide Key Facts Sheet (1) An insurer must provide a Key Facts Sheet for a prescribed contract, or a potential prescribed contract, in the circumstances, and in the manner, prescribed by the regulations. Civil penalty: 5,000 penalty units. (2) Regulations made for the purposes of subsection (1) may prescribe circumstances in which a Key Facts Sheet may or must be provided by electronic means. The regulations have effect despite subsection 77(1). (3) The regulations may prescribe exceptions to the requirement in subsection (1). > Note: A defendant bears an evidential burden in relation to a matter prescribed for the purposes of subsection (3) (see subsection 13.3(3) of the Criminal Code). (4) The following provisions do not apply in relation to the requirement in subsection (1): (a) subsection 11(11); (b) section 69. Offence (5) An insurer commits an offence if: (a) the insurer is subject to a requirement under subsection (1); and (b) the insurer engages in conduct; and (c) the conduct contravenes the requirement. Penalty: 150 penalty units.