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Prudential Standard SPS 220 Risk Management (SPS 220): Risk Management Declaration - 1 October 2014

  • Thomson Geer
  • -
  • Australia
  • -
  • October 28 2014

APRA has confirmed that it will amend the Risk Management Declaration required under Paragraph 33 of SPS 220 Risk Management so that it will include

Pitfalls and benefits of smallest part inclusion in liability covers

  • H + A Legal
  • -
  • Australia
  • -
  • October 28 2014

In this paper I look at issues around the comparison of cover under a construction liability policy and a product liability policy. One of the main

Dangers of irrevocable authorities and breaches of fiduciary duty

  • Cooper Grace Ward
  • -
  • Australia
  • -
  • October 24 2014

When a debtor owes money to a creditor, it is not uncommon for the debtor to propose that the creditor be paid from the proceeds of a sale or other

Government enters home insurance market

  • Minter Ellison
  • -
  • Australia
  • -
  • October 23 2014

In an important and controversial development, the Federal Government has announced that ASIC will establish a comparison website to enable consumers

Ground breaking decision on Water Act recovery claims in Victoria

  • Holman Webb
  • -
  • Australia
  • -
  • October 22 2014

The case involved damage caused to an insured's property when a water main substantially failed and the property became inundated with water. In the

ASIC investigation into mis-selling add on insurance

  • Gadens Lawyers
  • -
  • Australia
  • -
  • October 21 2014

ASIC reported on its investigation into the sale of add on insurance to consumers at the 2014 annual credit conference. ASIC presented specific data

A loaded question is a principal liable for a subcontractor’s injury?

  • HopgoodGanim
  • -
  • Australia
  • -
  • October 16 2014

In the case of Gary Bennett v Baiada Poultry Pty Limited 2014 NSWDC 144, a principal was found liable for a subcontracted delivery driver's injury

Retail life insurance advice ASIC's views on FOFA revealed

  • Allens
  • -
  • Australia
  • -
  • October 10 2014

The Australian Securities and Investments Commission released its report reviewing retail life insurance advice yesterday. The report provides

FOFA hotspots

  • Herbert Smith Freehills LLP
  • -
  • Australia
  • -
  • October 1 2014

Having moved into the Future of Financial Advice (FOFA) implementation phase, subject to any disallowance of applicable FOFA provisions, various

Unravelled: is the pain worth the gain?

  • Allens
  • -
  • Australia
  • -
  • October 1 2014

ASIC has undertaken a bit of a survey of licensees who provide financial product advice to retail clients to see how they are faring a year into FoFA