Insights
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AFCA to begin naming financial firms
1 October 2019 | Insurance & Health LawFrom 1 October 2019, AFCA will begin naming financial firms within its published determinations. Until now, AFCA (and its predecessor schemes) anonymised all determinations. However, following a limited consultation, the Australian Securities and...
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AFCA reports $144.7 million in compensation over first 10 months of operation
1 October 2019 | Insurance & Health LawThe Australian Financial Complaints Authority (AFCA) has released a report summarising its results over the first ten months of operation. In what is approximately a 35% increase on predecessor schemes, AFCA has confirmed receipt of 60,687 complaints in...
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Royal Commission Recommendations Implementation Update
10 September 2019 | Insurance & Health Law8 months on – Industry feeling the Hayne There’s no doubt that the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry captured the public’s attention throughout 2018/19. The Commission saw...
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AFCA to begin naming financial firms
27 August 2019 | Insurance & Health LawAFCA will soon commence naming financial firms within its published determinations. Until now, AFCA (and its predecessor schemes) anonymised all determinations. However, following a limited consultation, ASIC has this week approved the necessary changes...
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AFCA reports $83 million in settlements
17 July 2019 | Insurance & Health LawThe Australian Financial Complaints Authority (AFCA) has this week released a report summarising its results over the first six months of operation. In what represents a 35% increase on predecessor schemes, AFCA has confirmed receipt of over 35,000...
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Professional indemnity for migration agents: recent developments and insights
10 May 2019 | Insurance & Health LawThis article discusses the impact of recent developments in the migration agent industry, including: the recent report of the Parliamentary Inquiry into the regulation of Australian migration agents; the abolition last year of the 457 visa and its...
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