Key Takeaways

On 27 May 2021, the Federal Government passed the Corporations Amendment (Statutory Minimum) Regulations 2021, resulting in key amendments to 5.4.01AAA of the Corporations Regulations 2001 (Cth).

Until 30 June 2021, creditors were able to serve a debtor company with a statutory demand in respect of a debt or debts which exceeded the statutory minimum of $2,000, unless the debtor company was eligible for temporary restructuring relief, in which case, the statutory minimum was $20,000.

Key Takeaways

Life insurers are not uncommonly faced with allegations of 'constructive decline' or'rejection' of a claim. That is, the assessment of the claim has not been completed in a timely manner or in such a way that the insurer has discharged its duty of good faith and fair dealing to an insured.

Key Takeaways

Key Takeaways

The NSWCA has reiterated the Courts’ willingness to intensely scrutinise life insurer's TPD decision letters.

Brief facts

TPD. Seriously, does it need to be this hard?

Note from the Editor

CONTENTS

NSWCA confirms close judicial scrutiny of insurers’ reasons 
MetLife Insurance Limited v Sandstrom (NSWCA 2021)

Key Takeaways