CTHRepealedLegislation
Insurance Contracts Regulations 1985
41Amendments made by Insurance Contracts Amendment Regulation 2012 (No. 1)
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#### 41 Amendments made by Insurance Contracts Amendment Regulation 2012 (No. 1)
(1) The amendments of these Regulations made by Schedule 1 to the Insurance Contracts Amendment Regulation 2012 (No. 1) do not apply for the period of 2 years commencing when this regulation commences.
> Note: Schedule 1 to the Insurance Contracts Amendment Regulation 2012 (No. 1) inserted Division 8 of Part 5, which, among other things:
(a) identifies certain contracts that provide insurance cover in respect of loss caused to a business; and
(b) deals with the use of the word ‘flood’ in those contracts; and
(c) explains whether a business is a small business.
(2) However, if, during that period, an insurer decides to rely on these Regulations, as amended by Schedule 1 to the Insurance Contracts Amendment Regulation 2012 (No. 1), in relation to a contract that provides insurance cover, these Regulations, as amended by that Schedule, apply in relation to:
(a) the insurer; and
(b) the contract.