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Showing 1 - 10 of 18 results for "genetic testing"

Treasury releases adverse genetic test results ban draft regulation

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
... life insurance, which come into effect on October 8. The draft regulations under Insurance Contracts Amendment (Genetic Testing Protections in Life Insurance) Regulations 2026 clarify how the ban applies to certain genetic predispositions. New subsection ...

AFCA to update rules on new genetic testing laws

KARREN VERGARA  |  TUESDAY, 2 JUN 2026
... Financial Complaints Authority (AFCA) is proposing to amend its rules in preparation for recent legislative changes on genetic testing protections in life insurance. Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) ...

Genetic testing laws pass parliament

ELIZA BAVIN  |  THURSDAY, 2 APR 2026
... parliament. Minister for financial services Daniel Mulino said Australians should not feel discouraged from undertaking genetic testing out of fear it may have an impact on their ability to get insurance or make that insurance unaffordable. "The ban ...

Genetic testing ban may drive up insurance cost, premiums: FAAA

KARREN VERGARA  |  WEDNESDAY, 28 JAN 2026
The Financial Advice Association Australia (FAAA) is concerned the proposal to ban life insurers' use of genetic testing results will have an adverse impact on the cost of life insurance and premiums for all Australians. In a submission, the association ...

Draft laws for insurers' ban on use of genetic test results released

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... of the likes of Canada, the UK, and New Zealand. The aim is to provide certainty to consumers that undertaking genetic testing, including when participating in medical research, will not impact their eligibility for life insurance cover or influence ...

Div 296 must proceed to strengthen 'fairness' in superannuation: ASFA

MATTHEW WAI  |  THURSDAY, 17 APR 2025
... entitlement in case of insolvencies, enabling contributions to pension accounts, and banning the use of adverse genetic testing results in life insurance through the paper. "This federal election ASFA is calling for targeted and coordinated reforms that ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
... Albanese government is committed to providing Australians with the confidence to undergo potentially life-saving genetic testing without fear of it affecting their life insurance." The consultation closes on March 12.

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... discriminatory practices, underinsurance, and a growing aversion among Australians to seeking possibly life-saving genetic testing. In 2019, a moratorium was introduced on the requirement to disclose the results of genetic tests to insurers when applying ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
Treasury is calling for feedback on the use of genetic testing in life insurance underwriting, citing concerns the existing moratorium is ineffective, negatively impacting medical research efforts, and a lack of compliance from insurers. The government's ...

Genetic tests no barrier to life insurance

ELIZABETH MCARTHUR  |  THURSDAY, 27 JUN 2019
A moratorium on genetic testing in the life insurance industry means that Australians can get up to half a million dollars of life cover without disclosing genetic tests. The Financial Services Council approved a moratorium on genetic tests in life ...
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