Murky waters: What is “responsible lending”?
On 13 August 2019, Justice Perram dismissed a case that ASIC brought against Westpac in regard to responsible lending laws. Ultimately, Justice Perram decided that Westpac’s use of an automated process for loan approvals was not a breach of responsible lending. The decision leaves us asking: Will banks ever...Read More
The Impact of Social Media on the Safety of your Child
Parents love using social media platforms, like Facebook, to share images of their children with friends and other family members. There is a pretext that the platform is safe from prying eyes. However, not many people think about the dynamics of this site, and how it is used to...Read More
ARE YOU AN EXTERNAL ADMINISTRATOR BEING QUESTIONED BY CREDITORS?
Or, are you a creditor of a liquidated company seeking information? Legislative changes commencing in 2017 conferred additional power on creditors of companies in external administration. The additional powers included a right for creditors to obtain information and records from an external administration. INTRODUCTION OF THE POWER The...Read More
When can an insurer refuse a claim?
Section 54 of the insurance contracts act 1984 (Cth) can be used to restrict an insurer from rejecting a claim. What are the limits of Section 54? Section 54 of the Insurance Contracts Act 1984 (Cth) provides that an insurer may not refuse to pay a claim in certain...Read More
I’ve just bought a property, what are my rights?
I’ve just bought a property, what are my rights? Buying a house or apartment can be both exciting and stressful for many people. Whether you’re a first home buyer, thinking about purchasing an investment property or you need to upsize to a family home, there are a few important things...Read More