This is the ASIC Deferred Sales Model Exemption (HCF Life–Flip Accidental Injury Insurance) Instrument 2025-839.

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

This instrument is made under subsection 12DY(1) of the Australian Securities and Investments Commission Act 2001.

In this instrument:

Act means the Australian Securities and Investments Commission Act 2001.

Flip Active add-on insurance product means an add-on insurance product that:

(a) is offered or sold to a consumer in connection with the consumer acquiring or entering into a commitment to acquire, a product or service related to a sports or recreational activity that is undertaken, or is to be undertaken, in Australia or New Zealand; and

(b) provides insurance cover under a contract of insurance to which HCF Life and Flip Insurance Pty Ltd ABN 71 648 680 960 are parties, for an aggregate term of up to 7 days, whether or not the days are consecutive; and

(c) provides insurance cover to the consumer or any other person who is named on the certificate of insurance and for whom the consumer is purchasing insurance cover, including without limitation, a family member of the person; and

(d) provides a benefit in respect of accidental injury suffered in Australia or New Zealand; and

(e) does not provide insurance cover in respect of accidental injury suffered outside of Australia or New Zealand.

HCF Life means HCF Life Insurance Company Pty Ltd ABN 37 001 831 250.

Part 2—Exemption

5 Flip Active accidental injury insurance sold by HCF Life

Sections 12DQ, 12DR and 12DS of the Act do not apply to Flip Active add-on insurance products sold by HCF Life through the Flip Insurance digital channels, including the flipinsurance.com.au website.

Part 3—Repeal

6 Repeal

This instrument is repealed at the start of 20 November 2030.