The Insurance Contracts Amendment Bill 2013 has been passed by both houses of Parliament and is awaiting Royal Assent: Background.

UPDATE: Royal Assent given on 28 June 2013.

The changes respond to market developments and judicial decisions.

The regulations under the Electronic Transactions Act 1999 (Cth) will be amended so that the Insurance Contracts Act will no longer be exempt from that Act. Notices, documents and information required to be given in writing will be permitted to be given electronically.