Industry News

Life Insurance Code of Practice
The FSC released a discussion draft of the Life Insurance Code of Practice in August. The Code will commence on 1 October 2016, and companies have a transition period until 30 June 2017

Productivity commission draft report on insurance within superannuation
The Productivity Commission recently released its draft report: How to Assess the Competitiveness and Efficiency of the Superannuation System (the Draft Report)

NSW government considering significant changes to NSW CTP scheme
The NSW government is considering significant changes to the NSW CTP scheme

Privacy Reform: NSW Government response to the Legislative Council Report
On March 3 2016 as scheduled, the report was issued with seven recommendations,

Cases and Tribunal Decisions

Opinion or Fact: Court reviews underwriter’s evidence
Beslic v MLC Ltd (No 2) [2016] NSWSC746
Mr Beslic, was issued a total disability income protection insurance policy by MLC Ltd on 15 October 2004. In November 2005, Mr Beslic applied to increase his benefit amount

Court: should insurer to take a second look?
Wilken v TAL Life Limited & Anor [2016] QDC 157

What makes a Trustee's decision "Fair and Reasonable"
Miljevic v Holden Employee Superannuation Fund Pty Ltd [2016] FCA718

Bankruptcy: Court finds claim under a TPD policy to be in respect of a "personal injury"
Berryman v Zurich Australia Ltd [2016] WASC 196 (1 July 2016)

Recent FOS Decision

Pre-disability income