Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Act 2026 (35 of 2026)

Schedule 1   Limiting the use of genetic information by life insurers

Part 1   Main amendments

Insurance Contracts Act 1984

4   Application of amendments - use of genetic information

(1) Division 5 of Part IV of the Insurance Contracts Act 1984, as inserted by this Schedule, applies in relation to a life insurance contract decision made on or after the day this item commences (the commencement day ), whether any information on which the decision is based was obtained, or came into existence, before, on or after the commencement day.

(2) However, that Division applies in relation to a life insurance contract decision regarding a contract of life insurance entered into before the commencement day only to the extent that the decision relates to a variation or proposed variation of the contract (including a variation or proposed variation involved in a reinstatement or extension of the contract).