Client Consent – General Insurance
I understand my broker may receive a commission from the insurer for arranging, renewing, or varying my insurance.
- Commission is usually 5–20% of the base premium.
- It is paid by the insurer, not added on top of my premium.
- It is included in the premium shown on quotes and invoices provided to me.
This commission covers the broker’s services in sourcing, arranging, and managing my insurance.
This is a legal requirement under the Corporations Act 2001 (specifically the conflicted remuneration provisions in Part 7.7A) and upcoming Quality of Advice reforms.
I consent to my broker receiving this commission.