13Regulations

13 Regulations

13 Regulations

(1) The Governor may make regulations, not inconsistent with this Act, for or with respect to any matter that by this Act is required or permitted to be prescribed or that is necessary or convenient to be prescribed for carrying out or giving effect to this Act.

(1A) Without limiting subsection (1), the regulations may make provision for or with respect to the following—

(a) the making and keeping of records by insurance agents, insurance brokers and insurance intermediaries (or former insurance agents, former brokers and former insurance intermediaries) and the giving of access to those records by such agents, brokers or intermediaries (or former agents, former brokers or former intermediaries),

(b) the obligations of insurance agents, insurance brokers and insurance intermediaries (or former insurance agents, former brokers and former insurance intermediaries) with respect to confidentiality and disclosure of information (including personal information),

(c) the ownership, custody and control of records and other documents made and kept, or received and kept, by insurance agents, insurance brokers and insurance intermediaries (or former insurance agents, former brokers and former insurance intermediaries),

(d) any other conduct of insurance agents, insurance brokers and insurance intermediaries (including the monitoring of their conduct) in their capacities as agents, brokers and intermediaries,

(e) the conduct of building management service providers (including the monitoring of their conduct) in relation to builders who do residential building work that is insured by the Self Insurance Corporation,

(f) without limiting paragraphs (a)–(e)—standard terms concerning the provision of insurance under Part 6 of the Home Building Act 1989 by or on behalf of the Self Insurance Corporation that are to be included, or that are taken to be included, in insurance agency or broker arrangements or in contracts, agreements or other arrangements between insurance agents, insurance brokers and insurance intermediaries.

(1B) Regulations made for the purposes of subsection (1A) (f) may extend to contracts, agreements or other arrangements entered into before the regulations commence.

(2) A regulation may create offences with a maximum penalty not exceeding 50 penalty units.