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Financial Services Bulletin - May 2018

Welcome to the Financial Services Bulletin (FSB) – May Edition, 2018

This edition delivers recent industry news, important case law developments, a selection of FOS and SCT determinations and TurksLegal Q&A.

In 'What's Happening Here and Now', we have a number of achievements and news items to share with you.

We hope you enjoy this edition of the FSB!

WHAT’S HAPPENING HERE AND NOW

Australasian Law Awards Finalist
TurksLegal is delighted to announce that we have been named as a finalist in the 2018 Australasian Law Awards in the category of ‘Insurance Specialist Firm of the Year’. Read more

Best Lawyers Announcement
TurksLegal is pleased to announce that both John Myatt, Partner and Doug Vorbach, Special Counsel have been recognised for their achievements in the area of Insurance Law in the 11th Edition of the 2019 Best Lawyers in Australia. Read more

TurksLegal proud sponsor of 2018 FSC Life Insurance Awards
Congratulations to Ashton Jones, who won the Young Achiever Award at the 2018 Financial Services Council (FSC) Life Insurance Awards in Sydney on Tuesday, 20 March 2018. Read more

INDUSTRY NEWS

Budget will make significant changes to Insurance in Super
The Government’s Protecting Your Super package was announced in the 2018-19 Budget which includes reforms intended to protect members’ superannuation savings from erosion. Read more

Parliamentary Joint Committee on Corporations and Financial Services - Life Insurance Industry Report - March 2018
The Parlimentary Joint Committe recently published the Life Insurance Indusrty Report and we have highlighted the key findings from this report.  Read more

FOS approach to section 54 of the Insurance Contracts Act (1984)
FOS recently published written guidelines on how it approaches section 54. Read more

CASES AND TRIBUNAL DECISIONS

Total and Permanent Disability (TPD) benefit under the State Public Superannuation Scheme
Board of Trustees of the State Public Sector Superannuation Scheme v Edwin Gomez [2018] QCA 67
Queensland Court of Appeal rules on duty to reconsider. Read more

The Supreme Court of NSW judgment concerning a claim for a TPD benefit.
Carroll v United Super Pty Ltd [2018] NSWSC 403
The Supreme Court of NSW has recently delivered a judgment concerning a claim for a TPD benefit. Read more

RECENT FOS & SCT DECISIONS

  • Compensation Awarded for Non-Financial Loss. Read more
  • Retrospective Underwriting Opinion Key to Avoidance. Read more

TURKSLEGAL Q&A

Giving Evidence - What to do in these circumstances?
In this edition of TurksLegal Q&A, we respond to a client's question on giving evidence. Read more

 

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