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Two recent reviews of Part IV of the Trade Practices Act (Cth) (1974) have looked specifically at the operation of Section 46 of this Act and come to very different conclusions concerning its efficacy. The Dawson review (2003) argued that no change to s46 was required as the courts were...
Persistent link: https://www.econbiz.de/10004997879
In the last decade the ownership structure of Australia's life insurance industry has undergone a fundamental change. Traditionally, the sector had been dominated by a group of large mutual associations which had historically been the market leaders. In the space of less than a decade, this form...
Persistent link: https://www.econbiz.de/10004997904
In the 1990s Australian governments, both federal and state, committed themselves to a policy of microeconomic reform of which privatisation of key government assets was a major component. Government owned banks and insurance offices were amongst the first institutions to be sold off. The...
Persistent link: https://www.econbiz.de/10004997917
In the wake of the deregulation of the financial sector in Australia in the 1980s and 1990s the life insurance industry has undergone a period of rapid change and reorganisation. Part of this adjustment has been the move towards the integration of financial service provision and the rise of...
Persistent link: https://www.econbiz.de/10004997918
Recent studies of the experience of the British life insurance industry indicate that a period of transition, and the development of more diversified investment strategies began in the inter war period. Australian life insurers lagged behind their British counterparts in the introduction of such...
Persistent link: https://www.econbiz.de/10004997930
The regulatory environment in which the Australian life insurance industry operates has its antecedents in the two major periods legislative intervention. The first occurring in the 1870s established the principle of 'freedom with disclosure' which has formed the basis of the regulatory approach...
Persistent link: https://www.econbiz.de/10004997940
The Curious Case of the Occidental and Regal: The Evolution of Solvency and Disclosure Standards in the Australian Life Insurance Industry In 1990 the Australian life insurance industry was rocked by scandal which threatened to destabilise consumer confidence in the ability of insurance...
Persistent link: https://www.econbiz.de/10004997956
This paper considers the labour management practices in use in Australian life insurance industry during the inter war period. Using the Australian Mutual Provident as a case study, it is argued that the specific human resource management practices evolved to deal with separate sets of problems...
Persistent link: https://www.econbiz.de/10004999071
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