Your money
Life insurance, TPD and income protection disclosure, plus what banks, lenders and payment terminals can and cannot do with a prescription.
The money questions all turn on disclosure. What a life insurer can ask, what a total and permanent disablement definition makes of a prescription, and whether an insurer can lawfully refuse you — each answered against the Act that governs it. The banking pages cover account closure, home-loan applications and paying at the pharmacy: none of those has a cannabis-specific rule, and all of them have real ones.
3 of 6 pages here are checked against the legislation they describe; the rest each say so on their face.
Every page in this section
- Do I have to tell a life insurer about my prescription?The law is settled
Yes. Since 1 January 2021 a consumer applying for insurance owes a statutory duty to take reasonable care not to make a misrepresentation, and a prescribed medicine is squarely ins
- Which Australian insurers accept medicinal cannabis patients?There is no law on this
No insurer publishes a cannabis policy, and no law requires one to. But 'commercial decision' is not the end of the sentence: where the decision is made on the ground of a disabili
- Does my prescription affect a TPD claim?Clear law, contested application
It is evidence, not a disqualifier — and there are two decisions, not one. The insurer applies the policy's TPD definition. The trustee separately has to be satisfied of permanent
- Can my bank close my account because of my medicinal cannabis prescription?There is no law on this
It can happen, and no Australian law says a lawful prescription is a reason a bank cannot use. What limits a closure is the account's own terms and conditions, plus — for a bank th
- Do I have to tell my mortgage lender about my prescription?There is no law on this
No — and not because of a technicality. A home loan is a credit contract, and the law that governs it, the National Consumer Credit Protection Act 2009 (Cth), directs the lender to
- Why did my pharmacy ask for cash or add a card surcharge for my prescription?There is no law on this
There is no cannabis specific rule at the card terminal — an Australian pharmacy filling a prescription is an ordinary merchant, and what you are paying for is an ordinary transact
Status: not yet checked against primary sources — general information, not legal advice