Welcome to the Financial Services Bulletin, June 2017
Please read on for the latest industry news, important case law developments, our selection of recent FOS and SCT determinations and the answer to a client's question on the Capability Clause in our topical 'Turks Q&A' segment.
We hope you enjoy this edition of the FSB!
Industry News
Summary
Published | krystal prasad
TurksLegal and Women in Banking and Finance (WiBF) are delighted to announce Emily Smith, Director, Equities Analyst, Deutsche Bank as the winner of the 2016 TurksLegal WiBF Leadership Scholarship.
Now in its 4th year, the TurksLegal WiBF Leadership Scholarship supports the professional growth of excellence in the industry by providing WiBF members with a significant career development opportunity.
Summary
On 1 March 2017, the definition of ‘relation-back day’ found in the Corporations Act 2001 (Cth) (the Act) was amended by the Insolvency Law Reform Act 2016 (Cth). The amendment will have a significant impact for directors, creditors and external administrators.
Sharma v Insurance Australia Limited t/as NRMA Insurance [2017] NSWCA 55
The NSW government has passed the Retail Leases Amendment (Review) Act 2017 (NSW) which comes into effect on 1 July 2017.
Summary
As of 1 March 2017, the Insolvency Law Reform Act 2016 (Cth) has introduced new schedules to the Corporations Act 2001 (Cth) and the Bankruptcy Act 1966 (Cth).
Published | krystal prasad
The 2017 ANZIIF Group Life Seminar will take place in Melbourne on Tuesday 30 May and in Sydney on Tuesday 6 June.
The gathering which has been a hot ticket for several years now, due to its cutting edge content, will embrace an exciting new format this year. The seminar will be following a claim scenario that will touch, in a very practical way, on some of the more innovative things that are currently happening with member benefits.
Welcome to the Financial Services Bulletin, April 2017
We are excited to release the final three parts of TurksLegal's 'What the Life Insurance Code of Practice means for...' series which translates the key elements of the Financial Services Council’s Life Insurance Code of Practice from the perspective of the insurer, and how it affects:
Ecosse Property Holdings Pty Ltd v Gee Dee Nominees Pty Ltd [2017] HCA 12