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HIH Insurance was Australia's second-largest insurance company before it was placed into provisional liquidation on 15 March 2001. The demise of HIH is considered to be the largest corporate collapse in Australia's history, with liquidators estimating that HIH's losses totalled up to $5.3 billion. Investigations into the cause of the collapse ...
Australia's cash controls require travellers to report to AUSTRAC when they carry $10,000 or more (or equivalent in a foreign currency) of cash (or equivalent) into or out of Australia, which can be done on forms available from the Border Force at airports and sea ports. [10] The Border Force attempts to detect evasion of this requirement.
Insurance fraud refers to any intentional act committed to deceive or mislead an insurance company during the application or claims process, or the wrongful denial of a legitimate claim by an insurance company. It occurs when a claimant knowingly attempts to obtain a benefit or advantage they are not entitled to receive, or when an insurer ...
The Coalition has published research studies on subjects related to insurance fraud, including claims investigation, the economic consequences of insurance fraud, and fraud prevention. [7] The Coalition also publishes information on common forms of fraud, and how businesses and consumers can protect themselves. [8]
Learn about CLUE reports, how they work and why they’re important when buying home or auto insurance. Get tips on how to get a copy and use the information.
(Reuters) - Australia's corporate regulator said on Tuesday that Grant Colthup, the former CEO of collapsed local cryptocurrency exchange Mine Digital, has been charged with fraud in connection to ...
This required an exponentially growing number of investors to afford the lease payments. The fraud was the largest corporate scandal in German history and caused financial damages of about 4.9bn DM (≈€3.3bn). Equitable Life Assurance Society: United Kingdom: 8 Dec 2000: Insurance
From 1916, when the position of Solicitor-General of Australia was created as the second law officer and deputy of the Attorney-General, the permanent secretary served concurrently as Solicitor-General, until the two roles were separated in 1964. Under the Law Officers Act passed that year, the Solicitor-General's role was clarified as ...