Australian Securities and Investments Commission Amendment (Deferred Sales Model Exemptions) Regulations 2026

The Australian Securities and Investments Commission Amendment (Deferred Sales Model Exemptions) Regulations 2026 extend the duration of an existing regulatory exemption arrangement associated with the add-on insurance deferred sales model. Registered as F2026L01226, the regulations commenced on 18 September 2026.

The operative amendment is narrow: paragraph 12B(2)(a) of the Australian Securities and Investments Commission Regulations 2001 changes from “5 years” to “10 years”. The instrument does not itself replace a list of insurance products or create a general exemption for every add-on policy. Its effect depends on reading the amended paragraph together with the surrounding provisions of the principal regulations and the applicable statutory framework.

This is relevant to insurers and businesses distributing add-on insurance where an existing exemption may affect how and when a policy can be offered. The difference between extending the life of an exemption and widening its substantive coverage is important: a longer period does not establish that a particular product, sale or distribution channel qualifies.

The commencement table confirms that the whole instrument took effect the day after registration. Businesses assessing its application therefore have an enacted amendment to consider, rather than an exposure draft or consultation proposal. The complete exemption conditions remain necessary to determine the position for a particular transaction.