Summary
On 11 September 2017, the House of Representatives Standing Committee on Industry, Innovation, Science and Resources (the Committee) tabled their long-awaited report, ‘Social issues relating to land-based automated vehicles in Australia’ (the Report).¹ The Report examined how government and industry could respond to the imminent uptake of automated vehicles in Australia.
This edition of the FSB is packed with a swag of recent cases, our selection of recent FOS and SCT determinations and the answer to a client's question about the Life Insurance Code of Practice in our topical 'Turks Q&A' which we hope you will find useful and interesting.
In 'What's Happening Here and Now', we are delighted to tell you about recent promotions in our Financial Services team.
We hope you enjoy this edition of the FSB!
Industry News
Guastalegname, Nunzia v Australian Associated Motor Insurers Ltd [2017] VCS 420
Published | krystal prasad
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and TurksLegal are pleased to announce submissions are open for the 2017 ANZIIF TurksLegal Claims Scholarship.
In its 10th year, the ANZIIF TurksLegal Claims Scholarship recognises excellence in general insurance and provides a significant career development opportunity for insurance professionals working in the general insurance industry in Australia.
Bugeja v Jarrett [2017] NSWCA 219
Published | krystal prasad
TurksLegal, in partnership with Women in Banking and Finance (WiBF) is excited to announce applications are open for the 2017 TurksLegal WiBF Leadership Scholarship. Now in its fourth year, the Scholarship supports the professional growth of excellence in the industry by providing WiBF members with a significant career development opportunity for professional women working within finance and banking.
Published | krystal prasad
Applications for the 2017 ALUCA TurksLegal Scholarship are now open and ALUCA members are invited to lodge their entries for a chance to win a once in a lifetime overseas conference package valued at up to AU$8,000!
To enter, applicants are asked to write a paper up to 2,500 words answering one of 10 questions in the Application Form relating to the life insurance industry. For full entry requirements, essay questions and the Application Form click here.
Published | krystal prasad
We are very proud to announce that TurksLegal has been selected as one of five finalists from over 106 professional services firms in the Australian Insurance Industry Awards in the category of Professional Services Firm of the Year!
Published | krystal prasad
TurksLegal is pleased to announce the appointment of two new partners, a special counsel and five senior associates as of 1 July 2017.
We would also like to make mention of Priya Paquet who was appointed as a partner in the Sydney General Insurance group effective 1 January 2017.
Summary
Secured parties who have failed to register their interest in time will be at risk if there is insolvency of the grantor within 6 months of the PPSA registration.
Generally, registration must be within 20 business days of the security agreement (depending on the type of interest).
The Court has the power to extend the time for registration retrospectively.