Former QF Pilots sue QF Super
The unfortunate crossover is that the Loss of Income insurance, which is intended to provide you with (usually) 70-75% of your income if you are temporarily (Ie not totally and permanently) prevented from earning your usual income, is allowed to be taken out as a policy with a term out to your retirement age (if you wish to pay such a premium). A lot of people have LoI insurance. I used to have it, because that policy would kick in after 30 days, and my ability to access my super in event of hardship would not kick in for 90 days, and I needed something to cover the gap. When my Insurer altered the conditions to a 90 day waiting period, I dropped it as I was paying for no additional benefit I wasn't getting through my super. I also have TPD provisions in my super, which kick in if I can no longer work ever. They are two different things.
Join Date: Jan 2008
Location: australia
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The question is whether this information was readily available in 2014 and whether that mattered.
If there was a good case it is my opinion that AIPA would have run it in the courts because it affects a lot of Qf pilots.
The Qf mainline LOL coverage is one such offsettable amount.
I'm not sure whether or not payment of total and permanent disablement benefits are at the discretion of the Trustee (the Board) or not. I know the death benefit is discretionary.
If there was a good case it is my opinion that AIPA would have run it in the courts because it affects a lot of Qf pilots.
The Qf mainline LOL coverage is one such offsettable amount.
I'm not sure whether or not payment of total and permanent disablement benefits are at the discretion of the Trustee (the Board) or not. I know the death benefit is discretionary.
everyone knows you can't claim for the same event twice on 2 different insurance policies.
Seems to be a media beatup, everyone knows you can't claim for the same event twice on 2 different insurance policies.
Same as taking out two home insurance policies and claiming it from them both if it burns down.
Same as taking out two home insurance policies and claiming it from them both if it burns down.
Hopefully the outcome will be good for all parties including Qantas. It’s sad to read about these kind of issues, it’s a tough world out there.
Take care and all the best.
Take care and all the best.
The question is whether this information was readily available in 2014 and whether that mattered.
Since then with the revised guidance material and an awareness campaign the potential for others to be similarly disadvantaged has been mitigated. Hence the following statement is incorrect;
If there was a good case it is my opinion that AIPA would have run it in the courts because it affects a lot of Qf pilots.
The question is whether this information was readily available in 2014 and whether that mattered.
If there was a good case it is my opinion that AIPA would have run it in the courts because it affects a lot of Qf pilots.
The Qf mainline LOL coverage is one such offsettable amount.
I'm not sure whether or not payment of total and permanent disablement benefits are at the discretion of the Trustee (the Board) or not. I know the death benefit is discretionary.
If there was a good case it is my opinion that AIPA would have run it in the courts because it affects a lot of Qf pilots.
The Qf mainline LOL coverage is one such offsettable amount.
I'm not sure whether or not payment of total and permanent disablement benefits are at the discretion of the Trustee (the Board) or not. I know the death benefit is discretionary.
