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Financial Services Bulletin - May 2018

  • Newsletter
  • Published 10.05.2018

Welcome to the Financial Services Bulletin (FSB) – May Edition, 2018

This edition delivers recent industry news, important case law developments, a selection of FOS and SCT determinations and TurksLegal Q&A.

In 'What's Happening Here and Now', we have a number of achievements and news items to share with you.

We hope you enjoy this edition of the FSB!

What's Happening Here and Now

Australasian Law Awards Finalist
TurksLegal is delighted to announce that we have been named as a finalist in the 2018 Australasian Law Awards in the category of ‘Insurance Specialist Firm of the Year’.

Best Lawyers Announcement
TurksLegal is pleased to announce that both John Myatt, Partner and Doug Vorbach, Special Counsel have been recognised for their achievements in the area of Insurance Law in the 11th Edition of the 2019 Best Lawyers in Australia.

TurksLegal proud sponsor of 2018 FSC Life Insurance Awards
Congratulations to Ashton Jones, who won the Young Achiever Award at the 2018 Financial Services Council (FSC) Life Insurance Awards in Sydney on Tuesday, 20 March 2018.

Industry News

Budget will make significant changes to Insurance in Super
The Government’s Protecting Your Super package was announced in the 2018-19 Budget which includes reforms intended to protect members’ superannuation savings from erosion.

Parliamentary Joint Committee on Corporations and Financial Services - Life Insurance Industry Report - March 2018
The Parlimentary Joint Committe recently published the Life Insurance Indusrty Report and we have highlighted the key findings from this report.

FOS approach to section 54 of the Insurance Contracts Act (1984)
FOS recently published written guidelines on how it approaches section 54.

Cases and Tribunal Decisions

Total and Permanent Disability (TPD) benefit under the State Public Superannuation Scheme
Board of Trustees of the State Public Sector Superannuation Scheme v Edwin Gomez [2018] QCA 67
Queensland Court of Appeal rules on duty to reconsider.

The Supreme Court of NSW judgment concerning a claim for a TPD benefit
Carroll v United Super Pty Ltd [2018] NSWSC 403
The Supreme Court of NSW has recently delivered a judgment concerning a claim for a TPD benefit.


TurksLegal Q&A

Giving Evidence - What to do in these circumstances?
In this edition of TurksLegal Q&A, we respond to a client's question on giving evidence.

This publication is copyright and no part may be reproduced in any form without the permission of TurksLegal. This bulletin is current at its date of publication. While every care has been taken in its preparation, it does not constitute legal advice and should not be relied upon for this purpose. Specific legal advice should be sought on particular matters. TurksLegal does not accept responsibility for any errors in or omissions from this publication. For any enquiries, please contact one of the Partners at TurksLegal.