On 3 December 2020, ASIC published a first round Consultation Paper 335 ‘Consumer Remediation: Update to RG 256’ inviting feedback from the industry on its plans to update its 2016 Regulatory Guide 256 ‘Client review and remediation conducted by advice licensees’.
Key Takeaways
ASIC Report 675 Default insurance in superannuation: Member value for money shares insights from ASIC’s work on measuring the value of default insurance in superannuation.
Key Takeaways
Key Takeaways
In January this year, the Australian Prudential Regulation Authority (APRA) commenced its second round of consultations on revisions to Prudential Standard SPS 250 Insurance in Superannuation (SPS 250).
Key Takeaways
In what appears to be a first for an Australian court, the FCA has focused on the life insurer’s procedure surrounding an avoidance of a life policy under Part IV, Division 3 of the Insurance Contracts Act 1984 (the ICA).
Brief Facts
The Queensland Civil and Administrative Tribunal recently determined a disciplinary referral relating to whether a registered nurse had engaged in professional misconduct relating to her care of a patient in a correctional centre.1