find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Corporate Lawyer
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· 12 months fixed term opportunity
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Current insurance laws enough: lawyer

Current insurance laws enough: lawyer

A leading insurance lawyer has welcomed the Senate Economics Committee recommendation that current laws be amended to include consumer protection provisions.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

THE Senate Economics Committee has recommended current laws be amended to include consumer protection provisions instead of imposing a whole new regime on the insurance industry.  

The move is “eminently sensible”, said insurance partner at Colin Biggers & Paisley lawyers, Mark Radford.

The current Insurance Contracts Act can be made more effective “so that the changes occur within a framework that is well-understood by the industry”, he said.

“This will ensure the reforms fit hand in glove, rather than hang like an ill-fitting suit which is what will happen if the proposed national consumer law is draped over the current regime.”

Radford said Australian consumers are already protected under the existing Insurance Contracts Act, “a tailored regime that essentially contains equivalent protections and rights for consumers in relation to unfair contractual terms, despite contrary allegations from consumer groups”.

He said that many of the examples of consumer detriment provided by those groups were worthy of challenge when the debate is resumed.

“Few other jurisdictions in the world have such a comprehensive, industry-specific piece of consumer protection legislation in place as the Insurance Contracts Act.

“Overlaying it with a separate, less-focussed framework, particularly when the additional consumer benefits are extremely limited would be a mistake and only result in greater complexity and cost for both consumers and insurers,” said Radford.
Current insurance laws enough: lawyer
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by The way we do business, where we work, how we engage with workers, even how we take a...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...