Fraud on another policy doesn’t extinguish claim
- Published 07.03.2017
Australian Executor Trustee Ltd v Suncorp Life and Superannuation Ltd [2016] SADC 89
Published | krystal prasad
TurksLegal is delighted to announce that we have been named as a finalist in the 2017 Australasian Law Awards in the category of ‘Insurance Specialist Firm of the Year’.
The Australasian Law Awards recognise excellence and outstanding achievements in the legal industry. This marks our 7th year of recognition as a finalist in this award category.
The winners will be announced at an official awards dinner in Sydney on Thursday 18 May 2017.
Mandatory Data Breach Reporting Becomes Law
- Published 16.02.2017
Privacy Amendment (Notifiable Data Breaches) Bill 2016
Credit only where credit’s due in the case of repairers
- Published 08.02.2017
Summary
The two recent Local Court judgments of Assessor Olischlager demonstrate a shift from the Court’s previous attitude of protecting the helpless insured, to understanding the prejudice suffered by insurers at the hands of repairers and often the insured themselves due to a lack of co-operation during the motor claim process.
The importance of perfection and effective registrations under the PPSA
- Published 08.02.2017
Summary
Property with a value of $23,329,764 was leased by a lessor to a lessee. The lessor then lost that property altogether when the lessee had administrators appointed to it. The recent court decision in OneSteel1 reiterates that effective registrations under the Personal Property Securities Act 2009 (‘PPSA’) are vital.
The leases giving rise to the PPSA security interests
Amendments affecting the Marine and transport industry - what to know going into 2017
- Published 07.02.2017
Summary
Section 588FA claims – location, location, location
- Published 25.01.2017
Summary
A cause of action based on section 588FA does not necessarily arise in the jurisdiction where it becomes complete. Rather, the Court will look at the series of relevant events to determine where, in substance, the cause of action arose.
That which is attacked under section 588FA is the disposition of property (eg a payment) in respect of an unsecured debt or claim. A debt may be secured by a number of means. These include the equitable lien available to a purchaser who has made payment but has not received title to the subject property.
Published | krystal prasad
The firm passed a significant milestone over the Christmas break with the retirement of Peter Turk from our partnership on 31 December 2016. Peter founded the firm and has successfully led it since 1981. Peter’s down to earth, open, accountable and courageous approach to legal practice will continue to be a part of our unique culture, practiced every day in the values of our firm. Our focus is on continuing the success of the firm, building on our unique characteristics to deliver even more value to our clients.
Financial Services Bulletin - December 2016
- Published 08.12.2016
Industry News
Mandatory Data Breach Reporting
On 19 October 2016, a Bill to amend the Privacy Act 1988 was presented to Federal Parliament which will bring Australia in line with other major economies in the area of mandatory data breach reporting
Insurer’s right to elect method of settlement of claim
- Published 30.11.2016
Fogarty v CGU Insurance Ltd [2016] ACTCA 62