Financial Services Bulletin - September 2018

  • Newsletter
  • Published 07.09.2018

WHAT’S HAPPENING HERE AND NOW

TurksLegal celebrates new appointments
TurksLegal is pleased to announce the appointment of a new partner and new senior associate.

2018 ALUCA TurksLegal Scholarship in the Home Strait
The next exciting phase of the ALUCA TurksLegal Scholarship began on Monday as entries closed over the weekend. 

Come and be part of our session 
TurksLegal Partners Peter Murray and Sofia Papachristos will be presenting a new perspective on the issues currently driving the life insurance industry in a concurrent session at the ALUCA bi-annual conference on Community Expectations and Ex-gratia Payments.

TurksLegal Online Life Guide
If you work for an organisation  that is a client for TurksLegal and haven't already registered for this valuable resource, click here to register. 

INDUSTRY NEWS

Senate Committee recommends no changes to group insurance budget proposals
The Senate Economics Legislation Committee handed down its report on the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018 on 14 August 2018. 

Unfair Contracts Protections and Life Insurance
Treasury has recently concluded a consultation process with stakeholders in the general and life insurance industries about extending statutory remedies for unfair contract terms to insurance policies. 

CASES AND TRIBUNAL DECISIONS

TPD: Reinsurer in the Spotlight
MX v FSS Trustee Corporation as Trustee of the First State Superannuation Scheme & Anor [2018] NSWSC 923

Indemnity Costs and section 52(7)(d) of the SIS Act
Carroll v United  Super Pty Ltd (No. 2) [2018] NSWSC 1101 

RECENT FOS & SCT DECISIONS

Section 54 of the Act prevents a FSP from relying on a technical breach of the policy 

Working at reduced capacity and limited medical involvement leads to a decline in TPD Claims

TURKSLEGAL Q&A

Involvement in criminal acts – moving the goal posts of public policy

John Myatt

Consultant

P: 02 8257 5740

Email John

Alph Edwards

Partner

P: 02 8257 5703

Email Alph

Fiona Hanlon

Partner

P: 07 3212 6703

Email Fiona

Michael Iacuzzi

Partner

P: 02 8257 5769

Email Michael

Sandra Nicola

Partner

P: 02 8257 5752

Email Sandra

Lisa Norris

Partner

P: 02 8257 5764

Email Lisa

Darryl Pereira

Partner

P: 02 8257 5718

Email Darryl

Peter Riddell

Partner

P: 03 8600 5005

Email Peter

Peter Murray

Partner

P: 03 8600 5031

Email Peter

Sofia Papachristos

Partner

P: 03 8600 5049

Email Sofia