Since the Financial Sector Reform (Hayne Royal Commission Response) Bill was passed on the 10th December 2020, the exemption that existed in the Corporations Act 2001 (Cth) in respect of Claims Handling and Settling in Australia has been removed. As such these services have become a ‘financial service’ as from the 1st January 2022. This means that firms that prepare claims, loss adjusting practices that […]