ACCC has granted interim authorisation to Suncorp, Allianz, QBE and other insurers and brokers to enable them to coordinate and implement relief measures for SME business policyholders suffering hardship due to the Covid-19 pandemic.

ACCC did not conduct a public consultation process about the request for interim authorisation because of the urgent need for relief measures during the pandemic and the likely public benefits of the request.

A copy of the application for authorisation and ACCC’s interim authorisation decision is on the ACCC public register.

ACCC is now seeking comment from organisations before it considers whether to continue the authorisation.