General insurance providers have been granted an extended exemption from appointing product distributors as authorised representatives.

After consultation, the Australian Securities and Investments Commission has remade legislative instrument 2015/682 as 2025/520 to extend the relief for another five years to August 27 2030.

Instrument 2015/682 is scheduled to expire next month.

“ASIC granted the relief to reduce the regulatory burden on … general insurance providers by removing technical requirements associated with the appointment of representatives,” ASIC said.

“This promotes the wide availability of … general insurance products to consumers by reducing the compliance costs to providers.”