Mehmet v IOOF Investment Management Ltd [2015] NSWSC 1914

Supreme Court New South Wales

Medium Neutral Citation: Mehmet v IOOF Investment Management Ltd [2015] NSWSC 1914 Hearing dates: 1-2 December 2015 Decision date: 16 December 2015 Jurisdiction: Equity Before: Stevenson J Decision: Trustee's and insurer's decision to decline indemnity to be set aside and question of plaintiff's entitlement to indemnity to be remitted to trustee and insurer Catchwords: CONTRACTS; INSURANCE; SUPERANNUATION – total and permanent disability - disability under superannuation scheme funded by group insurance policies – whether takeover terms of replacement policy had effect of excluding cover – total and permanent disablement definition dependent on opinion of insurer – whether insurer in breach of duty of good faith – whether matter should be remitted to insurer for further consideration Cases Cited: Chammas v Harwood Nominees (1993) 7 ANZIC 61-175 Chapman v United Super Pty Ltd [2013] NSWSC 592 Edwards v The Hunter Valley Co-op Diary Co Ltd (1992) 7 ANZ Ins Cas 61-113 Erzurumlu v Kellogg Superannuation Pty Ltd [2013] NSWSC 1115 Hannover Life Re of Australasia Ltd v Sayseng [2005] NSWCA 214; 13 ANZ Ins Cas 90-213 Minister for Immigration and Ethnic Affairs v Wu Shan Liang (1996) 185 CLR 259 Sayseng v Kellogg Superannuation Pty Ltd [2003] NSWSC 945 Shuetrim v FSS Trustee Corporation [2015] NSWSC 464 Tonkin v Western Mining Corporation Ltd [1998] WASCA 101 Weber v Tiss Pty Ltd [2005] NSWSC 67 Category: Principal judgment Parties: Erol Mehmet (Plaintiff) IOOF Investment Management Limited (First Defendant) TAL Life Limited (Second Defendant) Representation: Counsel: P Bingham (Plaintiff) S J Walsh (Defendants)