The Banking Code of Practice (the Code) has been temporarily amended to reflect the impact of COVID-19.

The Code now incorporates a Special Note which commences on 1 July 2020 and is operative until 1 March 2021.

The Special Note operates to relax the strict timing requirements imposed on Banks in responding to customers, in circumstances where it is expected that Banks will receive a much larger volume of requests and complaints.

Thompson v Bernipave Pty Ltd [2020] NSWWCC 169 (21 May 2020)

The Personal Injury Commission Bill (the Bill) was introduced to Parliament on Wednesday, 3 June 2020.

The purpose of the Bill is to establish an independent Personal Injury Commission (PIC), which will deal with disputes in both the workers compensation and motor accidents schemes.

It will replace the Workers Compensation Commission (WCC).

The why

Legislative Developments
Goodbye WCC, hello PIC
Personal Injury Commission Bill

Recent Decisions
WPI Assessments: AMS or Arbitrator’s Determination?
Thompson v Bernipave Pty Ltd [2020] NSWWCC 169 (21 May 2020)

Powell v JFIT Holdings Pty Ltd t/as New Dimensions Health and Fitness Centre

The temporary amendments to insolvency laws made by the Australian Federal Government in response to the challenges of COVID-19 have creditors (including credit managers) feeling somewhat discouraged regarding whether they will still be able to pursue debtors to pay judgment debts during the period the temporary amendments are in operation.

Yeo (as joint and several liquidator of Ready Kit Cabinets Pty Ltd) v Deputy Commissioner of Taxation [2020] FCA 632

Summary