Regulatory & Government
Netstrata regulatory review under way
06 May 2024
Strata management agency Netstrata says a regulatory review of its operations following media scrutiny begins today and will take five to six weeks...
RBNZ fears ‘insurance retreat’ amid risk pricing shift
06 May 2024
The Reserve Bank of New Zealand warns action is needed now to avert insurance affordability and availability issues resulting from the rising uptake of risk-based pricing...
‘No more guesswork’: NZ reforms shift disclosure onus to insurers
06 May 2024
The New Zealand Government has tabled a bill proposing insurance disclosure duty reforms to give consumers more protection, Commerce and Consumer Affairs Minister Andrew Bayly says...
State sets date for killer stone ban
06 May 2024
The Queensland Government has confirmed an engineered stone ban will begin on July 1, in accordance with national guidelines...
Regulator ‘has not taken eye off the ball’
06 May 2024
Australian Securities and Investments Commission Chair Joe Longo says the regulator is “an active and effective litigator” holding to account “those that we allege have broken the law in lower courts and in superior courts”...
SIRA ‘driving accountability’ with workers’ comp stats
06 May 2024
The State Insurance Regulatory Authority has published workers’ compensation statistics under a push for performance improvement across the NSW schemes...
Regulator outlines fix for public sector workers’ comp failings
29 April 2024
The State Insurance Regulatory Authority has proposed actions to improve the performance of the NSW public sector workers’ compensation scheme, after a review found extensive failings...
Businesses urged to act now on climate disclosure
29 April 2024
Corporate Australia should start preparing for incoming climate disclosure laws, Australian Securities and Investments Commission Chair Joe Longo says...
Queensland to strengthen flood warning indicators
29 April 2024
Queensland local government areas hit hardest by the 2022 floods will receive funding to upgrade warning indicators such as cameras, rainfall and river height gauges, and sensors...
Council guilty over childcare worker’s injury claim delay
29 April 2024
A council in Melbourne’s north has been sanctioned after pleading guilty to failing to lodge an early childhood educator’s compensation claim for injury benefits within 10 days of receipt...
Industry questions language in FAR rules
29 April 2024
Insurers have raised concerns over the Financial Accountability Regime that will apply to the industry from March 15 next year...
APRA consults on insurance data changes
29 April 2024
The Australian Prudential Regulation Authority has opened a consultation on proposed changes to its quarterly statistical publications for general, life and private health insurance...
Victoria launches return to work program
29 April 2024
The Victorian Government has launched an initiative to support rehabilitation of injured workers and encourage safe practices in workplaces...
Watchdog challenges ruling on Auto & General contract clause
22 April 2024
The Australian Securities and Investments Commission will appeal after the Federal Court last month dismissed its unfair contract terms proceedings against insurer Auto & General...
Insolvency numbers on course for decade high
22 April 2024
The number of businesses entering external administration is on track to exceed 10,000 this financial year, the Australian Securities and Investments Commission says, after insolvencies rose 36.2% to 7742 in the nine months to March 31...
State expands firefighter access to workers’ comp
22 April 2024
Queensland has changed its workers’ compensation scheme to improve coverage and support for firefighters...
Bundaberg residents see latest levee plans
22 April 2024
Updates on the proposed $174.7 million Bundaberg East Levee are being presented at community sessions this week to let residents learn more about the flood resilience project...
NZ regulator appoints ‘proven’ executive director
22 April 2024
New Zealand’s Financial Markets Authority has appointed Louise Unger as Executive Director for Response and Enforcement, starting in June...
Kell to chair financial counselling fund
22 April 2024
The Financial Counselling Industry Fund, aimed at expanding assistance for people enduring hardship, will be chaired by Peter Kell, a former Australian Securities and Investments Commission deputy chairman and Choice CEO...
icare CEO Harding lines up October departure
15 April 2024
NSW state insurer icare is searching for a CEO to take over from Richard Harding, who will step down in October seeking a shift in career focus...