Cancellation service N°1 in Australia
Contract number:
To the attention of:
Cancellation Department – My Budget Direct
PO Box 342
4066 Toowong
Subject: Contract Cancellation – Certified Email Notification
Dear Sir or Madam,
I hereby notify you of my decision to terminate contract number relating to the My Budget Direct service. This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual notice period.
I kindly request that you take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper receipt of this request;
– and, where applicable, send me the final statement or balance confirmation.
This cancellation is sent to you by certified email. The sending, timestamping and integrity of the content are established, making it equivalent proof meeting the requirements of electronic evidence. You therefore have all the necessary elements to process this cancellation properly, in accordance with the applicable principles regarding written notification and contractual freedom.
In accordance with the Consumer Rights Act 2015 and data protection regulations, I also request that you:
– delete all my personal data not necessary for your legal or accounting obligations;
– close any associated personal account;
– and confirm to me the effective deletion of data in accordance with applicable rights regarding privacy protection.
I retain a complete copy of this notification as well as proof of sending.
Yours sincerely,
17/01/2026
How to Cancel My Budget Direct: Complete Guide
What is My Budget Direct
My Budget Direct is the consumer-facing motor insurance offering sold under the Budget Direct brand and its underwriting arrangements. The product family includes standard levels of motor cover such as comprehensive, third party property, and third party property with fire and theft, and it is governed by a Product Disclosure Statement that sets out cooling-off, cancellation and refund rules. Therefore, policy features and price depend on the chosen cover type, vehicle, driver history and payment frequency.
In practice Budget Direct policies include typical insurer features such as cover limits, towing, possible new-car replacement on newer vehicles and optional extras. The published cooling-off timeframe for new policies is 21 days and the insurer’s published cancellation rules note an early cancellation charge in certain cases.
How cancellations work for My Budget Direct policies
This section explains what the policy documents say about timing, proration and refunds for Budget Direct motor policies. It focuses on typical outcomes rather than operational steps to submit a request.
Cooling-off: Budget Direct policies include a 21-day cooling-off period that starts on the policy inception date. If you cancel inside that period and you have not made a claim, the policy terms say you are usually entitled to a full premium refund (subject to the insurer’s published minimum refund threshold).
Refunds and proration: Outside the cooling-off period a cancellation normally triggers a refund of the unused portion of the premium, calculated pro rata from the cancellation date, less any non-refundable government charges and where applicable an administrative charge. Budget Direct’s published materials state that an early cancellation fee may apply in typical cases.
Claim impact: If you have lodged or settled a claim during the policy period this commonly affects refund entitlement and can reduce or eliminate any premium refund. Budget Direct’s PDS and FAQs indicate refunds are conditional on whether claims have been made during the period at issue.
Customer experiences with cancellation
What users report
Public reviews and forum posts show a mix of outcomes. Some customers report straightforward refunds within the cooling-off period or simple pro rata refunds, while others report friction when there is a claim on the file or when the insurer applies an early cancellation charge.
Other recurring themes from independent review sites and discussion forums include delays in communication, frustration with claim handling that precedes cancellation, and difficulties finalising a cancellation when records show an outstanding issue. Several reviewers stated they felt pushed to provide additional information before refunds were processed.
Recurring issues and practical takeaways
1. Timing matters: cancellations within the 21-day cooling-off window are most likely to receive a full premium refund if no claim exists.
2. Claims change outcomes: a lodged or investigated claim commonly reduces or removes refund entitlement. Always note whether any claim was registered during the period you want refunded.
3. Admin charges and minimum refund rules: users should expect that small refunds may be excluded and that published early cancellation fees may apply; these items are visible in the insurer’s customer terms.
Common pitfalls and how to protect your rights
- Assuming a refund is automatic: An insurer may assess claims history, administrative fees and government duties before issuing a refund.
- Not documenting the timeline: Without a clear timeline of purchase, renewal and any claim activity it is harder to argue entitlement to the cooling-off refund.
- Mistaking a declined claim for no claim: Even a rejected claim can affect refund eligibility in some insurers’ terms; check whether a lodged but rejected claim was recorded.
Documentation checklist
- Policy details: Certificate of insurance, policy number and inception/expiry dates.
- Payment proof: Premium receipts, bank or card statements showing paid amounts.
- Claim records: Claim reference numbers, dates and any insurer correspondence about claims.
- Timeline log: Short dated notes showing when you first sought cancellation and any responses received.
- Evidence of loss or events: Photos, police reports or repairer invoices if relevant to a claim dispute.
Refunds, fees and sample amounts for My Budget Direct
| Item | What Budget Direct publishes |
|---|---|
| Cooling-off period | 21 days from policy start; full refund if no claim. |
| Early cancellation fee | Administrative charge published as A$40 in standard circumstances. |
| Minimum refundable amount | No refund for amounts of A$1 or less. |
These specifics are taken from Budget Direct customer FAQs and PDS material and reflect the insurer’s stated approach to cancellations and refunds. Always consult the applicable PDS for your policy term.
Comparison of Budget Direct cover types
| Cover type | Main features | Typical premium note |
|---|---|---|
| Comprehensive | Covers damage to your car and others, theft, fire, towing and extra benefits such as new car replacement in some cases. | Varies by vehicle and driver; see policy quote for A$ figures. |
| Third party property | Covers damage you cause to other people’s property; limited cover for damage to your own car in specific no-fault scenarios. | Varies by circumstances. |
| Third party, fire and theft | Third party property cover plus cover for theft and fire-related loss to your car. | Varies by circumstances. |
Budget Direct’s published materials explain the differences between these levels of cover; premiums reflect personal factors such as location, claims history and vehicle type rather than fixed subscription prices.
Disputes, escalation and your rights
If you disagree with a refund calculation or feel a cancellation was mishandled, check the insurer’s internal dispute resolution steps in your policy documents and keep a clear record of dates and communications. Financial counsellors and consumer legal centres can advise if you are unsure what to do next.
If the insurer’s internal response does not resolve the matter you have a free external avenue through the Australian Financial Complaints Authority (AFCA). AFCA can consider a wide range of insurance disputes and provides an independent review. As a result, AFCA may make a binding decision if you accept it, and you can pursue other options after you are given AFCA’s outcome information. Time limits apply so act without undue delay.
What to expect after cancelling My Budget Direct
After a valid cancellation request is accepted the insurer will normally calculate any refund or balance owing and issue confirmation of the policy end date and financial outcome. Processing times vary by insurer workload and whether a claim is open.
Therefore monitor your account statements for any refunded amounts and for any continuing debits; retain all confirmation records and the final policy certificate that shows the cancellation date.
If you find unexplained debits or a missing refund, use your documentation to request an internal review and, if necessary, escalate to AFCA with the timeline and evidence prepared.
Address
- Address: PO Box 342, Toowong, Queensland 4066, Australia
Next steps and practical actions you can take
Keep the documents listed in the documentation checklist and a dated timeline of your communications. Use those materials if you need to ask for a formal review of the cancellation outcome. This means collecting the policy certificate, payment proof and any claim references before you need them.
Consider independent advice if a dispute involves significant sums or complex coverage questions. Organisations that help with insurance disputes and AFCA guidance pages can explain time limits and what evidence strengthens a case.
Finally, when you arrange replacement cover, make sure the new policy terms and premium structure are recorded and retained so you can compare final premium outcomes and protect any no-claim history that might be relevant to future renewal pricing.