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As insurance companies grow, so too does the amount of claims they receive. Ultimately, this is a positive thing: more claims doesn’t necessarily indicate that more people are becoming sick or getting injured, but that increasing numbers are taking the time to assess their insurance needs, take out cover appropriate to their situation, and become better informed about what they might be eligible to claim for.
The government has negotiated the Putting Members First Bill with crossbenchers, who were concerned about the loss of valuable insurance for workers in high-risk occupations who may not be able to get cover elsewhere.
The corporate watchdog proposes to cut the time for decision-making on an IDR complaint to 45 days for superannuation disputes.
Whether manifesting as anxiety, depression or stress, periods of psychological ill-health can affect virtually anyone. Often these instances are temporary and circumstantial, occurring in response to difficult life events and subsiding naturally enough with time, self-care and the support of loved ones. For many, however, debilitating mind-sets persist and sources of support aren’t always at hand.
With the new financial year started and the Protecting Your Super (PYS) laws now in effect, the Federal Government has turned its attentions to introducing the Putting Members’ Interests First Bill, a set of measures initially intended as part of the PYS legislation but removed from the final Bill.
The Senate Economics Committee has recommended that the Putting Members Interests First bill be passed, further restricting default insurance in super.
AFCA has been on a hiring frenzy to gear up for the expected influx of complaints, but it remains to be seen how many legacy complaints are eligible.
As anyone who’s been personally touched by cancer knows, fighting the disease amounts to much more than a bodily battle. In addition to the physical pain and discomfort generally brought on by surgery, medication and rounds of treatment, cancer takes a psychological toll as well.
