Life insurers are now required to report on claims and disputes data to APRA with the release of new compulsory standards.

The requirements for claims include measured variables such as insurance type, on-sale status, advice type, cover type, product type, and various sub-categories for specific products or cover types. The reporting form includes 3 additional claims data sheets that provide totals or sub-totals.

The industry’s proposal that life insurers should be permitted to have greater involvement in rehabilitation processes, so that sick and injured claimants can get back to work sooner was the subject of a report from the Parliamentary Joint Committee on Corporations and Financial Services on 20 September 2018.

The Committee received over twenty submissions from interested parties including a body representing the private healthcare industry, the ATCU, individual unions and plaintiff law firms who opposed the move.

And the winner of the 2018 ALUCA TurksLegal Scholarship is… Evgeney Schkola, Case Manager, CommInsure!

Welcome to the Financial Services Bulletin (FSB) – February Edition, 2019

What's happening here and now

Winner Announced for the 2018 Scholarship

And the winner of the 2018 ALUCA TurksLegal Scholarship is…Evgeney Schkola, Case Manager, CommInsure!

SafeWork NSW v Williams Pressing and Packaging Services Pty Limited [2018] NSWDC 409

Summary

A NSW employer has pleaded guilty to a criminal offence under the Work Health & Safety Act 2011 and been ordered to pay a fine of $60,000 after failing to provide a safe system of work at its warehouse.

The case

Shauna O’Carroll v Pacific Magazines Pty Limited [2018] NSWWCC 265

The balance of the changes made by the Workers Compensation Legislation Amendment Act 2018 commenced on 1 January 2019. The amendments include:

Employers Liability Newsletter - January 2019

A big start to the New Year!

A big start to the New Year!