Search results
Results from the WOW.Com Content Network
The Australian Financial Complaints Authority was established on 1 November 2018, replacing the Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO) and the Superannuation Complaints Tribunal (SCT). [7]
In 2016 the government announced a review into Australia's EDR schemes for the financial system, including the FOS. [14] In November 2016 a Lower House parliamentary committee, which has a majority of incumbent government MPs, recommended a banking tribunal be established to replace the FOS, the Credit and Investments Ombudsman and the ...
Australia's insurance market can be divided into roughly three components: life insurance, general insurance and health insurance.These markets are fairly distinct, with most larger insurers focusing on only one type, although in recent times several of these companies have broadened their scope into more general financial services, and have faced competition from banks and subsidiaries of ...
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, also known as the Banking Royal Commission and the Hayne Royal Commission, was a royal commission established on 14 December 2017 by the Australian government pursuant to the Royal Commissions Act 1902 to inquire into and report on misconduct in the banking, superannuation, and financial ...
Zurich Insurance Group Ltd. is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. [2] As of 2021, [update] the group is the world's 112th largest public company according to Forbes ' Global 2000s list, [ 3 ] and in 2011, it ranked 94th in Interbrand's top 100 brands.
CHOICE also campaigns on behalf of consumers and is a representative on many national and state-based government committees, councils and independent bodies related to consumer rights and issues including food regulation and labelling, health and financial services, telecommunications and digital technology, standards codes, ecologically sustainable development and the environment.
The Insurance Act 1973 (Cth) sets minimum capital and solvency requirements for companies wanting to enter or operate in the insurance market. [1]Chapter 7 of the Corporations Act 2001 (Cth) regulates the way in which insurers and insurance agents and brokers carry on business and how they deal with the people they do business with and intend to do business with.
Aon Risk Services Australia Ltd v Australian National University (2009) 239 CLR 175 (Aon v ANU) is a decision by the High Court of Australia (High Court). After a bushfire destroyed property and equipment at the Australian National University's (ANU) Mount Stromlo campus near Canberra, the university lodged an insurance claim. After its ...