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The enhanced Australian regulatory sandbox: now in play?

Financial Services Royal Commission draft legislation – Will insurers be able to implement all changes consistently?

This article was written by Astrid Sugden, Travis Toemoe, Mandy Tsang, Chloe Walker and Sarah Yu.This alert provides key takeaways and our in-depth analysis of some of the proposed amendments...

18 February 2020

The new data economy is approaching: Open Banking mandated to start from 1 July 2020

The legal framework is now in place for the start of the CDR in the banking sector. The timeframes for responding to requests for consumer data have...

11 February 2020

Treasury’s proposals for a new Financial Accountability Regime

This article was written by Diana Nicholson, Tim Bednall and Rebecca Williams.Treasury has released a Proposal Paper for the Financial Accountability Regime (“FAR”).  When legislated, FAR will impose...

03 February 2020

Insurance claims services: Can you handle it? Claims handling set to become a new financial service

Treasury has released draft legislation to make handling and settlement of insurance claims a new ‘financial service’. The exposure draft is open for consultation until 10 January...

12 December 2019

Key insight into claim on Warranty & Indemnity insurance

The Supreme Court of Victoria has considered whether an insured buyer under a warranty and indemnity (W&I) policy is entitled to indemnity from an insurer in circumstances where...

13 November 2019

Risky business – does a promise to advance Defence Costs preclude insurers from relying on non-disclosure until final determination?

The Full Court of the Federal Court of Australia recently considered the relationship between the Advancement of Defence Costs extension and the available remedies for insurers arising out...

15 August 2018

Unpacking Treasury’s proposal to extend unfair contract terms protections to insurance contracts – what it means for you

Australian Treasury has eeleased a proposal paper outlining the planned extension of the unfair contract terms laws to standard form insurance contracts.

06 July 2018

Statutory limitation on “injured person” evidence found not to apply to corporate plaintiff

The Supreme Court of WA provided guidance on the admissibility of hindsight evidence and determined that the position differed between individual and corporate plaintiffs.

07 June 2018

Superannuation: Assessing Efficiency and Competitiveness – the Productivity Commission’s Draft Report released today

The Productivity Commission’s Draft Report aims to provide an overall assessment of the superannuation system and recommend policy changes.

29 May 2018
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High Court reviews ability to challenge adjudication determinations under SOPA legislation

Parties unhappy with an adjudication determination will need to pursue time consuming civil proceedings in order to seek to recover the amounts paid to the other party.

05 March 2018

Insurers rush to check access, co-operation and assistance obligations, following Federal Court decision

In a significant decision for the insurance industry, the Federal Court of Australia has granted leave to shareholders to bring a direct action against a company’s insurers where...

22 February 2018

Australian Open Banking Review Released

It provides advice on the design and implementation of Australia’s Open Banking system and is the first stage in a broader consumer data right.

09 February 2018
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