Barry.Nilsson. Lawyers

Ongoing focus on corruption risk in Victorian Local Government

24 October 2019 | Insurance & Health Law

In September 2019 Victoria’s Independent Broad-based Anti-corruption Commission (IBAC) released a special report into local government procurement and corruption risk (Special Report).[1] The Special Report is notable given the wider context of...

AFCA to begin naming financial firms

1 October 2019 | Insurance & Health Law

From 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...

AFCA reports $144.7 million in compensation over first 10 months of operation

1 October 2019 | Insurance & Health Law

The 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...

Royal Commission Recommendations Implementation Update

10 September 2019 | Insurance & Health Law

8 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...

AFCA to begin naming financial firms

27 August 2019 | Insurance & Health Law

AFCA 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...

AFCA reports $83 million in settlements

17 July 2019 | Insurance & Health Law

The 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...