Latest submissions

Financial Services Regulatory Framework in Relation to Financial Abuse

Life insurance products are designed to give Australians peace of mind. This fundamental purpose of life insurance is at odds with any situation where a product can be used by an abuser to threaten, abuse or control a victim.

Australia’s life insurance industry recognises some victim-survivors have experienced financial abuse through life insurance products, and we are committed to tackling this problem with Government so we can better protect our customers in all circumstances.