Key Takeaways
AFCA’s decision in case number 725328 highlights the need for financial advisers to understand potential restrictions on cover in the context of disclosures made by a client during the application process.
Key Takeaways
In this decision, the VCAT considered whether the applicant and her deceased brother could, at the time of his death, be considered ‘domestic partners’ under the State Superannuation Act 1988 (Vic) (SS Act) such that the applicant would qualify for a ‘partner pension’.
Key Takeaways
In September 2021, ASIC published its new Regulatory Guide 78 – Breach Reporting by AFS Licensees and Credit Licensees (RG 78) on the new and revised breach reporting obligations introduced by the Financial Sector Reform (Hayne Royal Commission Response) Act 2020 (FSR Act).
Key Takeaways
Key Takeaways
On 2 August 2021, ASIC released report 696 ‘TPD insurance: Progress made but gaps remain’.
Key Takeaways
There had always been concern that the harsher impacts of the Protect Your Super (PYS) legislation, which could lead to lost cover at times when an insured member needs the cover the most, may ultimately be borne out in more disputes.
Key Takeaways
The exposure draft legislation relating to enhancements to the unfair contract terms (UCT) regime has been released and contains a number of significant amendments to the UCT legislation which will have important consequences for the operation of the UCT regime in life insurance.
Key Takeaways
The NSWCA recently ruled in favour of Allianz on an appeal on the application of multiple policy deductibles arising from hailstorm damage to 122 project homes in Kellyville and Rouse Hill NSW.
Key Takeaways
It is a not too uncommon frustration that arises where parties work hard to settle a dispute on the basis of agreed orders only for one party to completely ignore those orders.
Recently, the QDC (the Court) had cause to consider the power of the Court to punish a party for a flagrant contempt of orders made by consent.