Under the Insurance Contracts Act 1984 (Cth), non-disclosure of a material circumstance entitles the insurer to reduce liability to the position it would have occupied absent the non-disclosure.
insurance
Under Insurance Contracts Act s.54, an insurer cannot refuse a claim on the basis of the insured's breach of duty of disclosure where that breach did not cause or contribute to the loss.
Insurance contract construction follows general commercial contract principles, requiring consideration of text in context and giving effect to the commercial purpose.
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