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Regulatory & Government

AFCA backs exploration of UK test case model

19 April 2021

The Australian Financial Complaints Authority has supported consideration of a UK-style legal test case model for issues with wide-ranging impacts, amid scrutiny over the insurance industry’s approach to business interruption matters...

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ASIC says nine insurance litigation cases underway

19 April 2021

The corporate regulator says nine cases of enforcement litigation regarding misconduct in insurance were underway at the start of the year as part of its push to pursue more court action...

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ALRC webinars focus on simpler regulation

19 April 2021

The Australian Law Reform Commission will host two webinars next month related to its work around simplifying corporate and financial services regulation...

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ICA to host stronger homes forum in Sydney tomorrow

19 April 2021

The third in a series of Building Stronger Homes roundtables will be held in Sydney tomorrow, exploring the role of construction standards in national natural disaster resilience...

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4WD Hire fined $1.2 million after falsely promising off-road cover

19 April 2021

Four-wheel-drive vehicle hire business Smart Corporation, which previously traded as Australian 4WD Hire and is now in liquidation, has been fined $1.2 million after making false and misleading representations to consumers about insurance cover...

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SIRA extends COVID-sparked role for psychologists

19 April 2021

The NSW State Insurance Regulatory Authority has extended the role of psychologists and physiotherapists in certifying an injured person’s fitness for work after the change was introduced last year due to the COVID-19 pandemic...

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Rival gets clearance to up stake in iSelect

19 April 2021

Plans by the owner of Compare the Market to raise its stake in iSelect look set to go ahead after the competition watchdog says it “will not oppose” the move...

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WorkCover WA raises premiums

19 April 2021

Rates for compulsory workers’ compensation insurance in WA are set for an overall increase of 4% for the next financial year...

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