Martin Wright
Partner, Sydney
Martin is an expert in relation to insurance, financial services and financial planning regulatory compliance and distribution arrangements.

My extensive experience includes advising clients on compliance with financial services laws, agreements and promotional materials including product disclosure requirements, policy wordings, business and distribution model strategies, negotiation and preparation of authorised representative, distribution and outsourcing agreements, reviewing advertising materials, liaison with key Australian regulators, compliance programs and training materials, applying for financial services licenses and exemptions.

Career highlights

  • IAG: Acted for IAG on the $1.85 billion acquisition of the Australian and New Zealand insurance underwriting businesses.
  • Suncorp, Insurance Australia Group Limited and Zurich: Acted in relation to Federal Court-approved insurance portfolio transfer schemes under Pt 9 of the Life Insurance Act 1995 (Cth) and Division 3A of the Insurance Act 1973 (Cth).
  • AIA, ClearView Life, and IAG: Acted in relation to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
  • AIA, Allianz, ClearView Life, IAG, QBE, Suncorp, Swiss RE, TAL and Westpac: Acted in relation to the post-Royal Commission reforms including Product Design and Distribution Obligations, the application of unfair contract terms to general and life insurance, the duty to take reasonable care not to make a misrepresentation and the introduction of claims handling and settling as a regulated financial service.
  • Acted for a range of general insurers, life companies and wealth manages in relation to the Future of Financial Advice (FOFA) and Life Insurance Framework (LIF) reforms including the establishment of compliant remuneration structures and the end of grandfathering transition.