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Two Out of Three Ain’t Bad: ASIC v Auto & General Insurance Company Limited [2024] FCA 272

The recent decision of Jackman J in ASIC v Auto & General Insurance Company Limited was the first judicial consideration of the unfair contract terms regime under the ASIC Act in relation to an insurance contract. The impugned notification clause was found not to satisfy two out of three limbs of the definition of ‘unfair’.

Equitable set-off: what kind of connection do two claims need? The NSW Court of Appeal is divided

The New South Wales Court of Appeal, in a split decision, has allowed an appeal against a judgment granting equitable set-off. In overturning the trial judge’s decision, the Court also considered the scope and application of the so-called Brickenden principle, which prohibits speculation by a defaulting fiduciary as to what would have happened had there been no default