Does the Royal Commission Recommendation on Claims Handling Pass the Smell Test?6 February 2019 | Insurance & Health Law
One of the key recommendations from the Hayne Royal Commission for the insurance industry is for claims handling to be included in the definition of ‘financial services’ under the Corporations Act 2001. The net effect of this is to require...
Your Guide to the Banking Royal Commission Recommendations4 February 2019 | Insurance & Health Law
On Friday morning, Kenneth Hayne drove to Yarralumla to provide Governor-General Sir Peter Cosgrove a copy of the Final Report (the Report) of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal...
NSW Supreme Court Finds in Favour of Insurers on Aggregation of Claims19 November 2018 | Insurance & Health Law
In the shadow of the Banking Royal Commission, and in an environment where class actions appear to be a permanent feature of the legal landscape, the decision of the NSW Supreme Court in Bank of Queensland Ltd v AIG Australia Ltd  NSWSC 1689 will be...
Risk Management implications of Australia’s move to PEXA18 October 2018 | Insurance & Health Law
The highly anticipated move to e-conveyancing of property transfers commenced in Victoria on 1 October 2018. Property Exchange Australia (PEXA) is an online settlement platform which now facilitates the lodgement of registry and financial statements, and...
Financial Services Royal Commission hands down Interim Report28 September 2018 | Insurance & Health Law
Over the past 10 months or so, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has placed Australia’s big banks and financial services entities under intense scrutiny. Two hours ago, and two days...
Australian Law Reform Commission Class Action and Litigation Funding Review - Key Proposals for Class Action Reform5 September 2018 | Insurance & Health Law
As part of its current inquiry into class action proceedings and third-party litigation funding, the Australian Law Reform Commission (ALRC) has released a discussion paper that traverses the development of the federal class action regime 25 years after...