Accountability 30 years on: Insurance Contracts Act Reform


Autoria(s): Tarr, Julie-Anne
Data(s)

01/02/2015

Resumo

The Insurance Contracts Act 1984 (Cth) since inception has effected major reform to the law in this field. One of Australia’s most frequently cited pieces of legislation, it has had a major impact upon the law and practice of insurance. Given the importance of insurance to domestic and commercial activity and its pivotal position as a mechanism to manage exposure to risk, it is not surprising that this legislation has been the subject of extensive analysis in the courts and in legal literature. Furthermore the Act has, arising out of a 2009 review, been significantly amended by the Insurance Contracts Amendment Act 2013 (Cth). The principal amendments introduced are: two-fold: the Insurance Contracts Act 1984 (Cth) has been amended so that a failure to comply with the duty of good faith is now a breach of the Act; and disclosure and misrepresentation provisions under the Insurance Contracts Act 1984 (Cth) are amended and clarified.

Formato

application/pdf

Identificador

http://eprints.qut.edu.au/90004/

Publicador

Law Book Co

Relação

http://eprints.qut.edu.au/90004/3/Tarr_Accepted%20Version%5B1%5D.pdf

http://www.thomsonreuters.com.au/australian-business-law-review-online/productdetail/97145

Tarr, Julie-Anne (2015) Accountability 30 years on: Insurance Contracts Act Reform. Australian Business Law Review, 43, pp. 68-74.

Direitos

Law Book Co

Fonte

QUT Business School; School of Accountancy

Palavras-Chave #150100 ACCOUNTING AUDITING AND ACCOUNTABILITY #150204 Insurance Studies #Insurance reform #Insurance Contracts Act #Insurance Contracts amendments #duty of good faith #disclosure misrepresentation #insurance reform
Tipo

Journal Article