ASIC says regtech offers ‘enormous potential’
28 November 2016
The Australian Securities and Investments Commission will host a round table in February to discuss opportunities for the financial services sector from regulation technology…
Regulatory & Government
ACCC’s first self-assessment finds room to improve
28 November 2016
The Australian Competition and Consumer Commission has vowed to improve its external communication following the release of its first self-assessment report card…
ASIC bans ‘dishonest’ Perth broker
21 November 2016
The Australian Securities and Investments Commission has permanently banned former Phoenix Insurance Brokers director Sergio Amaranti for taking money from the company’s trust account…
Pick up the phone, ICA urges APRA
21 November 2016
The Insurance Council of Australia says the industry regulator should ease off using formal letters and instead pick up the phone or meet insurers face-to-face to resolve issues…
Funding scheme to tackle NSW workplace, road injury
21 November 2016
The NSW Government has set up a $100 million foundation to fund programs aimed at preventing injury and improving the wellbeing of people hurt at work or on the road…
ESL monitor vows ‘close scrutiny’ of insurers
21 November 2016
Insurers’ claims of profit erosion will be rigorously monitored as NSW prepares to switch to a property-based emergency services funding regime by next July 1, authorities warn…
Brokers briefed on NSW builders’ warranty reform
21 November 2016
Brokers who want to learn more about reform of the NSW builders’ warranty scheme can sign up for an Insurance & Care NSW webinar…
IAIS flags stakeholder engagement plan
21 November 2016
The International Association of Insurance Supervisors will soon announce details of a consultation on its draft stakeholder engagement plan, designed to attract consumers, academics and professional bodies…
Government seeks submissions on ASIC funding model
14 November 2016
The Treasury has called for submissions on a user-pays funding model for the Australian Securities and Investments Commission’s regulatory work…
ACCC targets extended warranty industry
14 November 2016
The Australian Competition and Consumer Commission has accepted an enforceable undertaking from Virginia Surety Company after a review of extended warranty sales…
Car dealer commission cap may entangle brokers
14 November 2016
Brokers could find themselves caught up in moves to limit commissions for add-on insurance products sold through car dealerships…
APRA chief warns on low interest rate risks
14 November 2016
Long-term low interest rates will make it harder for life insurers to cover operational costs, the Australian Prudential Regulation Authority warns…
NTC outlines steps to clarify automated car liability
14 November 2016
The National Transport Commission has proposed a two-year reform program paving the way for deployment of automated vehicles on Australian roads…
Reviews will strengthen NZ regulation, expert predicts
14 November 2016
New Zealand’s regulatory regime will be strengthened and may become more transparent after current reviews are completed, according to consultant Geof Mortlock…
Queensland clears way for class actions
14 November 2016
Class actions can now take place in Queensland, following a change of legislation.
NIBA hits out at NSW builders’ warranty overhaul
07 November 2016
The National Insurance Brokers Association has criticised the NSW Government’s plan to phase out broker commissions under its overhaul of the loss-making builders’ warranty insurance scheme…
QBE out as Victoria unveils builders’ warranty revamp
07 November 2016
The Victorian Managed Insurance Authority is to introduce a new builders’ warranty system next July, and will no longer use QBE as its agent…
NSW cracks down on insurers’ CTP ‘super profits’
07 November 2016
The NSW Government has released a discussion paper aimed at reining in “excessive insurer profits” in its compulsory third party scheme…
ASIC keeps culture in crosshairs thanks to funding boost
07 November 2016
The Australian Securities and Investments Commission warns it will keep an even closer eye on signs of excessive risk culture in the financial sector…
Submissions reopen on dangerous building products
07 November 2016
A Senate inquiry into non-conforming building products will continue after being adopted by the 45th Parliament…