Articles - Page 6 of 32 - Wotton + Kearney

Articles

Intergovernmental tax transparency arrangements create clear risks for accountants

New Zealand tax residents are generally required to pay tax on their worldwide income, even if they do not bring it into New Zealand or another country has already deducted tax. As intergovernmental tax transparency agreements and treaties have improved the flow of information across borders, there is an increased risk of professional negligence claims […]

By : Sina Sangsari Jul 24, 2023 Comments Off

Articles

Class actions overview for FY23

Class actions are now a key feature of the litigation landscape in Australia. Recognising that insurers and insureds take a sophisticated approach to defending class actions, W+K has established a unique class action defence offering. We now have senior class action defence lawyers, with top tier experience, working alongside our partners with deep insurance product […]

By : Sina Sangsari Jul 20, 2023 Comments Off

Articles

And the Turning Point competition winner is…

W+K is delighted to announce the winner of the inaugural Wotton + Kearney Turning Point competition – Nathan McLellan, Vice President – First Party Claims, Asia Pacific, Liberty Specialty Markets. Nathan, with contribution from W+K Special Counsel Matthew Foglia, wrote a paper on “The importance of clarifying LEG2 and LEG3 during the transition to clean […]

By : Sina Sangsari Jul 19, 2023 Comments Off

Articles

Are CFDs ever a good idea for insurers (or investors)?

The short answer to both questions is no – most of the time. In the words of Beach J of the Federal Court, CFDs are “little more than gambling”. ASIC has also identified that more than 70% of retail clients who trade CFDs lose money. For insurers of financial institutions and professional advisors, CFDs create […]

By : Sina Sangsari Jul 17, 2023 Comments Off

Articles

W+K launches Reconciliation Action Plan

I am proud to let you know that W+K launched its inaugural Reconciliation Action Plan last week. This RAP reflects our commitment to transformation and shows how we intend to stand with our First Nations people to build a better future for everyone. It outlines a pathway for having a positive impact on Aboriginal and […]

By : Sina Sangsari Jul 14, 2023 Comments Off

Articles

Recent legislative and research developments in the silicosis space

There have been two significant developments in the silicosis space this week. On Wednesday, Parliament tabled the National Occupational Respiratory Disease Registry Bill 2023. If passed, the legislation will establish a national register for recording all incidents of occupational dust disease. The initiative is based on the recommendation of the National Dust Disease Taskforce and […]

By : Sina Sangsari Jun 23, 2023 Comments Off

Articles

Contempt of court – when true crime podcasts and docuseries break the law

In recent years, documentary series like Netflix’s Making a Murderer and podcasts such as The Teacher’s Pet have proved wildly popular, with tens of millions of users streaming each worldwide. However, online publications like these are treated as being continuously published so they carry a higher risk of attracting contempt of court charges than printed […]

By : Sina Sangsari May 29, 2023 Comments Off

Articles

County Court decision overturns long-standing Medical Panel process

On 1 May 2023, the Victorian County Court handed down its judgment in the Rosata matter. The decision has taken respondents in Victoria by surprise and may overturn a process that has been bedded down over the last 20 years. In Rosata, the County Court held that the Medical Panel can only make one determination […]

By : Sina Sangsari May 3, 2023 Comments Off

Articles

Resource hub: Developments and updates in the building and construction industry

Australia is seeing sweeping state-based legislative reform intended to regain public confidence in the building and construction industry. For example, in NSW, the Design and Building Practitioners Act 2020 will have a significant effect on establishing the liability of design and building practitioners within the construction industry and how they are insured. In contrast, the […]

By : Sina Sangsari Apr 29, 2023 Comments Off

Articles

ASIC issues first unfair contract term proceeding against an insurer

On 4 April 2023, ASIC commenced its first proceeding against an insurer under the unfair contract terms regime. The term in question is contained in a home and contents insurance contract and concerns an obligation on the insured to notify the insurer if “anything changes about your home or contents”. The allegedly unfair contract term […]

By : Sina Sangsari Apr 20, 2023 Comments Off

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