Description of Conduct
On 30 March 2026, the Insurance Council of Australia (ICA) sought authorisation, on behalf of itself and its current and future members who offer home and contents insurance, to:
- adopt and give effect to standard definitions of ‘taking reasonable steps to maintain’ and ‘wear and tear’ in home insurance policies, and
- agree and implement public education campaigns (one by the ICA and one by participating insurers) to promote awareness and understanding of these standard definitions.
More detail on the proposed standard definitions can be found in the Application and the ÌÇÐÄÔ´´â€™s consultation letter below.
Authorisation is sought for 5 years.
The ÌÇÐÄÔ´´ invites the views of interested parties on this application for authorisation. Submissions are requested by 23 April 2026. If you wish to make a submission in relation to this matter, please lodge it via this .
An indicative timetable for the ÌÇÐÄÔ´´â€™s assessment is set out below.
|
Indicative date |
Stage in assessment process |
|---|---|
|
30 March 2026 |
Lodgement of application and supporting submission. |
|
2 April 2026 |
Public consultation process begins. |
|
23 April 2026 |
Closing date for submissions from interested parties. |
|
April/May 2026 |
Applicant responds to issues raised in the public consultation process. |
|
June/July 2026 |
Draft determination. |
|
June/July 2026 |
Public consultation on draft determination including any conference if called. |
|
August/September 2026 |
Final determination. |
Applicant(s)
- INSURANCE COUNCIL OF AUSTRALIA LIMITED
Applications
| Document title | Date | |
|---|---|---|
| Application |
Consultations
| Document title | Date | |
|---|---|---|
| ÌÇÐÄÔ´´ to Interested Parties re Initial Consultation |