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Changes to the Australian Consumer Law: the impact for liability and property insurers

Insurance| 29 Mar 2021

Changes to the Australian Consumer Law: the impact for liability and property insurers

The definition of ‘consumer’ under the Australian Consumer Law will be broadened from 1 July 2021.

No more duty of disclosure for ‘consumer insurance contracts’: important changes to the Insurance Contracts Act 1984

Insurance| 16 Mar 2021

No more duty of disclosure for ‘consumer insurance contracts’: important changes to the Insurance Contracts Act 1984

Following the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, important changes have been made to the Insurance Contracts Act 1984.

Upholding insurers’ right to subrogated recoveries: plan ahead or suffer the consequences!

Insurance| 05 Mar 2021

Upholding insurers’ right to subrogated recoveries: plan ahead or suffer the consequences!

Navigating subrogated recoveries when an insurer and insured retain a significant interest in the proceeds is always a tricky exercise.

Relaxation of continuous disclosure laws to be made permanent

Corporate & Commercial| 05 Mar 2021

Relaxation of continuous disclosure laws to be made permanent

Directors of listed entities, and their insurers, are set to benefit from a relaxation of continuous disclosure laws, which are shortly to be made permanent under new legislation.

Design and distributions obligations: a review of ASIC’s final regulatory guide

Financial Services| 15 Dec 2020

Design and distributions obligations: a review of ASIC’s final regulatory guide

We examine ASIC’s final regulatory guide on the design and distribution obligations regime. In particular, we compare the final guidance with the draft regulatory guide released last year.