Update on ASIC’s Review of No-Claim Discount Schemes for Motor Vehicle Insurance Executive Summary: On 26 February 2015 ASIC released a report on the operation of no-claim discount (NCD) schemes on motor vehicle insurance policies (also called ‘no-claim...
Recent Decision on Duty of Utmost Good Faith in the Case of Fogarty v CGU Insurance Ltd 1. Case Name Fogarty v CGU Insurance Ltd [2015] ACTSC 44, see http://www.courts.act.gov.au/supreme/judgment/view/8692/title/fogarty-v-cgu-insurance-ltd for more details. 2. ...
Background In December 2013 the Government and appointed an independent Committee to examine how the financial system could be positioned to best meet Australia’s evolving needs and support Australia’s economic growth (see terms of reference)....
SYDNEY SIEGE AT THE LINDT CAFÉ IN SYDNEY’S MARTIN PLACE – THE IMPACT OF BEING DECLARED A “TERRORISM INCIDENT” Current as at 24 February 2015 Executive Summary The Sydney siege at the Lindt Café (the Siege) has been declared a terrorist incident for the purposes...
Update on ASIC Authorised Representative Register Executive Summary ASIC is making changes to the ASIC register of Authorised Representatives that will take effect from 3 March 2015 and will affect all Australian Financial Services licensees. The changes will affect...
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