12What is a Key Facts Sheet?

12 What is a Key Facts Sheet?

(1) This section is made for the purposes of section 33B of the Act. (2) A Key Facts Sheet, for a prescribed contract or a potential prescribed contract, must: (a) contain the information, and be completed in the way, specified in the following form: (i) for a home buildings insurance contract—Form 1 in Schedule 5; (ii) for a home contents insurance contract—Form 2 in Schedule 5; and (b) be A4 in size; and (c) be set out in Arial font, in the following sizes: (i) the heading at the top of the first page that starts with the words “KEY FACTS” must be in size 18 font; (ii) the word “STEP” must be in size 16 font; (iii) the number after the word “STEP” must be in size 48 font; (iv) the footnote after step 2 must be in size 8 font; (v) the rest of the document must be in size 10 font; and (d) be set out in the following colours, with sufficient contrast in the colours to allow the text to be easily read: (i) the headings, subheadings, and policy name, must be in blue type on a white background; (ii) the top box in step 2 must be in white type on a blue background; (iii) the remaining boxes in step 2 must alternate between black type on a white background, and black type on a light blue background; (iv) the box in step 3 must be in white type on a blue background; (v) the rest of the document must be in black type on a white background.