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Federal parliament to examine the role of life insurers in rehabilitation The Commonwealth Parliament has announced a Joint Parliamentary Committee inquiry by the Corporations and Financial Services Committee into the role of life insurers in the provision of rehabilitation to injured and ill workers. What is rehabilitation? Rehabilitation can include… Read more »

Insurance In Superannuation Working Group Releases Draft Life Insurance Code of Conduct The insurance in superannuation working group (ISWG) has now released a draft Life Insurance Code of Conduct which will bind superannuation trustees. The code is a marked improvement on the life insurer’s code developed by the Financial Services… Read more »

Australia has a strong record in the field of superannuation with the world’s first industry superannuation fund being established in 1984.  Since 1984 superannuation has undergone many challenges and exponential growth.  With such success comes greater responsibility, with Australian superannuation funds managing more than $2.3 trillion dollars on behalf of… Read more »

In TPD insurance claims it is common for an insurer to request reports from treating doctors or independent medical examiners. A claimant is entitled to access those reports as a matter of right pursuant to the Australian Privacy Principles. Private corporations in Australia are subject to the Privacy Act 2008…. Read more »

Important Update on Life Insurance Code of Conduct On 2 November 2016 it was announced that an Insurance in Superannuation Industry Working Group has been formed. The group has been developed by Australia’s superannuation industry bodies, the Australian Institute of Superannuation Trustees (AIST), the Association of Superannuation Funds of Australia… Read more »