RBNZ adds Kaikoura claims to insurer monitoring
30 January 2017
The Reserve Bank of New Zealand has added claims and reinsurance positions for November’s Kaikoura earthquake to its property insurer reporting requirements…
Regulatory & Government
FMA to release conduct guide
30 January 2017
New Zealand’s Financial Markets Authority is poised to release a “principles-based” guide on the conduct of financial service providers under the Financial Markets Conduct Act…
Dispute resolution schemes ‘should be merged’
12 December 2016
A single ombudsman for financial, credit and investment disputes should be created, according to a Treasury report…
Customer advocates welcome ‘mega-ombudsman’ plan
12 December 2016
Consumer groups have backed calls for a single ombudsman to replace the Financial Ombudsman Service and Credit and Investments Ombudsman…
Canberra channels $31.9 million into cyber centre
12 December 2016
The Turnbull Government has committed $31.9 million to setting up the industry-led Cyber Security Growth Centre, to increase and improve the nation’s cyber-security workforce…
ASIC should act on electronic disclosure, ICA says
12 December 2016
The Insurance Council of Australia has asked the Australian Securities and Investments Commission to back its push for electronic forms of disclosure…
APRA sets start date for derivatives standard
12 December 2016
All insurers must comply with the Australian Prudential Regulation Authority’s new risk standard for non-centrally cleared derivatives by March 1…
ASIC warns of criminal charges for false licence applications
12 December 2016
The Australian Securities and Investments Commission has warned that false or misleading financial services licence applications may trigger legal action…
WorkCover Queensland welcomes new boss
12 December 2016
Bruce Watson will replace Tony Hawkins as CEO of WorkCover Queensland from January 1…
ASIC forum looks to the future
12 December 2016
The 22nd Australian Securities and Investments Commission Annual Forum will be held from March 20-21 at the Hilton in Sydney…
Ipswich to hold vehicle automation tests
05 December 2016
Queensland will host Australia’s largest on-road trial of driverless and connected vehicle technology over the next four years, the State Government has announced…
SA broker banned over premium funding misuse
05 December 2016
The Australian Securities and Investments Commission has permanently banned a former SA broker for funnelling loan funds into his own account…
RBNZ review offers insurer solvency insights
05 December 2016
The Reserve Bank of New Zealand has published its review of insurers’ solvency returns for the 2015 financial year…
NIBA fights for brokers on HBCF reform
05 December 2016
The National Insurance Brokers Association is pushing for a meeting with NSW Minister for Innovation and Better Regulation Victor Dominello over proposed reforms to the Home Building Compensation Fund…
ASIC suspends licence over report failure
05 December 2016
The Australian Securities and Investments Commission has suspended the licence of Group Underwriters and Managers after it failed to lodge audited accounts for three years…
NIBA makes case for life brokers
05 December 2016
Life risk brokers “act for and on behalf” of clients, providing critical support in understanding and obtaining cover, the National Insurance Brokers Association says in a submission to a parliamentary inquiry…
Submissions open on home and motor comparator plan
28 November 2016
The Senate has called for submissions on setting up an independent home and car insurance comparison website, as part of its inquiry into the industry…
O’Dwyer introduces adviser professional standards legislation
28 November 2016
The Federal Government has introduced to Parliament legislation covering education and professional standards for financial advisers…
Manning turns up heat on NZ fire levy
28 November 2016
Insurance tax campaigner and LMI Group MD Allan Manning says New Zealand should reconsider its fire services levy following the latest series of earthquakes…
Feedback sought on driverless car cover
28 November 2016
The National Transport Commission is seeking feedback on insurance for automated vehicle trials, as developers seek to fine-tune the cars for Australian conditions…