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The new Aged Care Act, effective July 1, 2025, introduces significant changes for aged care service providers. These changes bring new governance, risk, and insurance implications. This article explores key risk and insurance impacts for aged care providers and offers actionable strategies to mitigate these risks.Preparing for the New Aged Care Act: Risk and insurance implications for aged care service providers

Preparing for the New Aged Care Act: Risk and insurance implications for aged care service providers

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The Australian Government passed the Aged Care Bill 2024 on 25 November 2024, with the new Aged Care Act 2024 ("the Act") set to take effect on 1 July 2025. This legislation marks a sweeping transformation of aged care laws, introducing stricter governance req ...
Read morePreparing for the New Aged Care Act: Risk and insurance implications for aged care service providers

Bird Flu: Mitigating the Risk of Disease Outbreak and Spread in the Australian Poultry Industry

As avian influenza (bird flu) continues to spread globally, Australian poultry farmers must remain vigilant and proactive in managing this serious risk. Given the potential for significant economic impact, the need for comprehensive risk management, including biosecurity practices and appropriate insurance protection, is crucial. Farmers should actively monitor local and regional outbreaks and stay up to date with industry-specific risk mitigation standards. As avian influenza (bird flu) continues to spread globally, Australian poultry farmers must remain vigilant and proactive in managing this serious risk. Given the potential for significant economic impact, the need for comprehensive risk management, including biosecurity practices and appropriate insurance protection, is crucial. Farmers should actively monitor local and regional outbreaks and stay up to date with industry-specific risk mitigation standards.

Addressing risks associated with sexual misconduct liability

Organizations across the globe are facing an increased exposure to sexual misconduct liability (SML) claims. This is due to increased awareness and reporting following the #MeToo Movement.Organizations across the globe are facing an increased exposure to sexual misconduct liability (SML) claims. This is due to increased awareness and reporting following the #MeToo Movement.

Lockton Acquires AXIS Financial Group's Corporate Superannuation and Insurance Portfolio

Lockton has acquired the Corporate Superannuation and Insurance client portfolio from AXIS Financial Group (AXIS). The acquisition positions Lockton uniquely in the market, allowing them to offer comprehensive employee benefits consulting and end-to-end solutions that enhance the success of their clients.Lockton has acquired the Corporate Superannuation and Insurance client portfolio from AXIS Financial Group (AXIS). The acquisition positions Lockton uniquely in the market, allowing them to offer comprehensive employee benefits consulting and end-to-end solutions that enhance the success of their clients.
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