Insurance Contracts - what is your view?

Wed, 09 Feb 2011 21:18:00 GMT

The recent Qld floods devastated vast areas of the State and resulted in significant loss of both property and even more tragically, life.

Exacerbating the problem even further is the lack of insurance held by individuals and businesses and therefore, the impact that this is having on people's livelihoods going forward. In many case, people had insurance contracts in place thinking they were protected against the effects of flood, only to now find out that their definition did not cover them.

What is your view of how insurance contracts are provided (whether general cover or even personal insurance such as life and disability)? Are they too complex? Should insurance companies or even governments, be forced to provide insurance for particular events with a standard definition?

After all, insurance premiums are only paid as a means of risk management. If we can't rely on them in the event of claim, then we need to question how well it is achieving its purpose. Let us know your thoughts.

Have your say at this years Tax Summit

Mon, 24 Jan 2011 05:29:00 GMT

In 2010 we had budget changes, the Henry Review, Cooper Review and the Ripoll Inquiry, all trying their level best to complicate the tax system even more than it already is. There has been an overwhelming about of industry and public backlash over an increasingly unworkable and complicated tax system.

Finally the Government has bowed to public pressure and agreed to a tax summit by June 2011. The objective of the summit will be to, once and for all, consider all of the proposed tax simplification measures and develop a consensus for change.

Our vision is a much simpler tax system where benefits are automatically delivered rather than relying on individuals and business having to complete vast volumes of paperwork. Cutting out hundreds of millions of dollars wasted money and time will allow better services for all Australians and, just as importantly, more money in all our hip pockets!

Would you like a say? We would love to hear your opinion on how the tax system could be improved or simplified for the betterment of all Australians. So please starting posting your opinion now!

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Insurance Contracts - what is your view?

Have your say at this years Tax Summit