62015 001 001 0553 general insurance industry reform the following submission whilst not directly addressing the questions raised in the northern australian insurance inquiry issues paper document does highlight several ...
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...General insurance industry reform the following submission whilst not directly addressing questions raised in northern australian inquiry issues paper document does highlight several fundamental and introduce possible solutions if these are understood acted upon by enquiry will be significantly reduced executive summary introduction contracts act product disclosure documents professional advice financial ombudsman service affordability taxes conclusion about author disclaimer a strong healthy is an essential part of any economy but it has to well regulated monitored ensure there appropriate balance between protection consumers this largely been achieved through role asic particular contacts legislation introduced post from consumer point view generally ineffective some cases detrimental we now position whereby weighted favour may readably noticeable important that contributing addressed before they become larger problems legislates attitude utmost good faith concept forms basis every c...