Treasury flags revised standard cover regime
11 March 2024
Federal Treasury has proposed restricting the standard cover regime to home building insurance only and mandating that insurers offer a baseline level of policyholder protection...
Regulatory & Government
Swiss Re, Treasury, Lloyd’s to appear at floods inquiry
11 March 2024
The Federal Parliamentary inquiry into insurers’ responses to the 2022 floods has scheduled a full-day hearing for this Friday, with industry and government executives set to appear...
ICA joins key levy reform advisory group
11 March 2024
Insurance Council of Australia CEO Andrew Hall has been selected to join a special advisory group helping the NSW Government shape critical Emergency Services Levy reforms...
Accountability regime rules finalised
11 March 2024
The Federal Government has finalised rules for the Financial Accountability Regime, which starts on Friday for the banking sector and from March next year for insurance and superannuation...
Victoria widens scheme for victims of collapsed builders
11 March 2024
The Victorian Government is extending its scheme to help people stranded by insolvent home builders that failed to take out insurance on their behalf, as required by law...
ACCC rules out appeal over Suncorp Bank sale
11 March 2024
The Australian Competition and Consumer Commission will not appeal against the decision to approve the $4.9 billion sale of Suncorp Bank to ANZ...
Reform deal puts freeze on Victorian WorkCover premiums
11 March 2024
Victorian businesses’ WorkCover premiums will be frozen for a year under a political deal to get a modernisation bill for the scheme passed...
Dutton fills frontbench finance position
11 March 2024
The Federal Coalition has appointed Luke Howarth as Shadow Assistant Treasurer and Shadow Minister for Financial Services, replacing Stuart Robert, who resigned last May...
Victoria announces latest risk mitigation grants
11 March 2024
Victorian communities will receive more than $9 million in funding for risk mitigation projects under joint state and federal grants...
ICA questions ‘prohibitive’ education level in advice reforms
04 March 2024
The Insurance Council of Australia warns a proposed qualification level for a new class of advisers could be counterproductive in some scenarios...
Defence officer named national cybersecurity chief
04 March 2024
Lieutenant General Michelle McGuinness has been appointed National Cyber Security Co-ordinator...
Compensation scheme to launch next month
04 March 2024
Eligible applicants for the Compensation Scheme of Last Resort can lodge claims with the body from April 2...
icare names governance and workers’ comp executives
04 March 2024
NSW state insurer icare has made changes to its group executive team, appointing Scott North and giving Tony Wessling a new portfolio...
Treasurer to ‘carefully’ weigh Suncorp bank sale
26 February 2024
Federal Treasurer Jim Chalmers says he will “carefully and methodically” consider whether Suncorp’s sale of its bank to ANZ is in the national interest...
Hacked law firm faces data storage probe
26 February 2024
The handling of personal information held by HWL Ebsworth Lawyers is being investigated by the Office of the Australian Information Commissioner...
NSW consults on industrial manslaughter laws
26 February 2024
The NSW Government wants business groups and experts to provide feedback on industrial manslaughter laws as it works towards new legislation...
APRA standardises reporting of large exposures
26 February 2024
The Australian Prudential Regulation Authority has updated its guidance for general insurers on the reporting of large exposures...
WorkSafe cracks down on building site fall risk
26 February 2024
WorkSafe Victoria will conduct a “statewide blitz” of the construction industry to address a growing number of fall injuries...
Code committee to front federal inquiry
19 February 2024
The General Insurance Code Governance Committee and Munich Re will appear before the parliamentary inquiry into insurers’ handing of the 2022 floods on Friday...
Victorian regulator suspends builder’s director
19 February 2024
The Victorian Building Authority has suspended the registration of Todd Searle as nominee director of Montego Homes amid concerns the builder did not acquire mandatory domestic building insurance for customers...