insuranceNEWS.com.au http://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2018 Shipton flags talks on ASIC ‘toolkit’ http://www.insurancenews.com.au/regulatory-government/shipton-flags-talks-on-asic-toolkit http://www.insurancenews.com.au/regulatory-government/shipton-flags-talks-on-asic-toolkit Australian Securities and Investments Commission Chairman James Shipton has highlighted the importance of the regulator’s work on misconduct issues, in his first appearance before the Parliamentary Joint Committee on Corporations and Financial Services…

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Mon, 19 Feb 2018 13:36:00 +1100
Data breach reporting regime starts this week http://www.insurancenews.com.au/regulatory-government/data-breach-reporting-regime-starts-this-week http://www.insurancenews.com.au/regulatory-government/data-breach-reporting-regime-starts-this-week New data security laws come into effect on Thursday, making it mandatory for companies with an annual turnover of at least $3 million to report breaches to affected individuals…

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Mon, 19 Feb 2018 12:17:00 +1100
Distribution draft bill ‘may harm consumers’ http://www.insurancenews.com.au/regulatory-government/distribution-draft-bill-may-harm-consumers http://www.insurancenews.com.au/regulatory-government/distribution-draft-bill-may-harm-consumers Product design and distribution draft legislation is poorly designed for insurance and may disadvantage consumers and brokers, according to industry submissions…

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Mon, 19 Feb 2018 12:16:00 +1100
Canberra lifts AFCA payout caps http://www.insurancenews.com.au/regulatory-government/canberra-lifts-afca-payout-caps http://www.insurancenews.com.au/regulatory-government/canberra-lifts-afca-payout-caps Brokers have had the compensation cap for disputes raised from $174,000 to $250,000 by the new Australian Financial Complaints Authority…

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Mon, 19 Feb 2018 12:15:00 +1100
NSW reviews specialised insurance licensing http://www.insurancenews.com.au/regulatory-government/nsw-reviews-specialised-insurance-licensing http://www.insurancenews.com.au/regulatory-government/nsw-reviews-specialised-insurance-licensing The NSW State Insurance Regulatory Authority is reviewing the specialised insurance licensing framework and is seeking public feedback…

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Mon, 19 Feb 2018 12:14:00 +1100
WA plans new workers’ comp legislation http://www.insurancenews.com.au/regulatory-government/wa-plans-new-workers-comp-legislation http://www.insurancenews.com.au/regulatory-government/wa-plans-new-workers-comp-legislation The WA Government has approved a draft bill to modernise its workers’ compensation legislation…

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Mon, 19 Feb 2018 12:12:00 +1100