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Regulatory & Government

SIRA CEO condemns icare at NSW Parliamentary inquiry

3 August 2020

State Insurance Regulatory Authority CEO Carmel Donnelly has condemned the performance of icare in an appearance before a NSW Parliamentary inquiry and says she is concerned over the lack of progress on an action plan set out last year to improve performance...

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ICA renews push for tax reform

3 August 2020

The Insurance Council of Australia says tax reform will help consumers as the nation’s economy adjusts to the impact of COVID-19...

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ASIC demands faster complaints handling

3 August 2020

The Australian Securities and Investments Commission will require faster handling of consumer complaints under new rules that also demand proactive responses to issues raised on companies’ social media sites...

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Industry pushes for reform of class action laws

3 August 2020

The insurance industry has made its case before a parliamentary inquiry into the class action system, pushing for reforms to arrest the sharp escalation in directors’ and officers’ premiums...

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APRA drops blanket advice to defer dividends

3 August 2020

The Australian Prudential Regulation Authority has written to insurers to update its capital management guidance, easing restrictions around paying dividends...

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Government extends pre-budget input

3 August 2020

The Federal Government has extended the deadline for submissions from individuals, businesses and community groups on priorities for the 2020-21 Budget...

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SIRA conducts customer experience survey

3 August 2020

The NSW State Insurance Regulatory Authority is seeking customer feedback on the state’s workers’ compensation, compulsory third party and home building compensation insurance schemes...

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NZ regulator lists priority COVID risks

3 August 2020

New Zealand’s Financial Markets Authority has outlined six priorities for the next three to six months as it continues to respond to COVID-19 issues...

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