12 February 2024
Australia’s climate-related financial disclosure should align as much as possible with global standards, the Insurance Council of Australia says in a submission on draft legislation...
12 February 2024
The Federal Government will invest $91.8 million in disaster recovery and resilience for Queensland communities...
12 February 2024
Unions NSW Secretary Mark Morey has been appointed to the icare board as an employee representative after a reform last year requiring inclusion of two directors nominated by worker and business bodies...
05 February 2024
The Federal Government should provide $250 million a year to pay for buy-back and home-raising projects, the Insurance Council of Australia says...
05 February 2024
Budget Direct owner Auto & General Insurance has engaged an independent expert to review its risk management processes after the regulator uncovered “significant” weaknesses...
05 February 2024
New Zealand’s High Court has ordered CBL Corporation and four of its former directors to pay penalties for continuous disclosure and misleading conduct breaches that happened before the company was placed in liquidation...
05 February 2024
Building Commission NSW has backed recent construction industry reforms despite a new survey finding more than half of strata buildings in the state have serious defects...
05 February 2024
The Australian Law Reform Commission has proposed a shake-up of financial services laws it says are convoluted, a “tangled mess”, costly to comply with and unnecessarily difficult to enforce...
05 February 2024
The NSW State Insurance Regulatory Authority has clawed back $183.1 million in excess profit from compulsory third party insurers following an annual assessment...
05 February 2024
The Australian Prudential Regulation Authority has provided an interim update on its supervision and policy priorities for the first six months of the year...
05 February 2024
The NSW regulator has censured IAG’s NRMA Insurance over delays starting weekly benefit payments on four compulsory third party claims...
05 February 2024
A transport company’s national operations manager has been found guilty of a category 1 Heavy Vehicle National Law offence for the first time in Australia...
05 February 2024
The Australian Prudential Regulation Authority has retired two outdated practice guides on risk management frameworks for general and life insurers...
05 February 2024
The Compensation Scheme of Last Resort board says major insurers and banking groups will pay $241 million under its first levy, as it outlines estimated funding for the program...
18 December 2023
The NSW Government held meetings last week with representatives from the insurance industry, and also with the property and retail sectors, to follow up on last month’s announcement to reform the state’s Emergency Services Levy funding arrangements...
18 December 2023
The disposal of home building materials and contents that could have been kept after floods has led to people living in temporary accommodation unnecessarily and has driven up claims costs, the Restoration Industry Association of Australasia says...
18 December 2023
The Australian Competition Tribunal has concluded a two-week appeal hearing into whether the $4.9 billion sale of Suncorp Bank to ANZ should go ahead...
18 December 2023
The Australian Law Reform Commission has submitted its final report on a financial services legislation overhaul to the Federal Attorney-General following a three-year inquiry...
18 December 2023
Australia will institute a world-first ban on engineered stone from July 1 next year following a decision from state and federal work health ministers...
11 December 2023
The National Insurance Brokers Association says it is disappointed not all Quality of Advice Review proposals have been adopted, after the Federal Government last week finalised its response to the QAR report’s recommendations...