Regulatory & Government
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…
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…
28 November 2016
The Federal Government has introduced to Parliament legislation covering education and professional standards for financial advisers…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
14 November 2016
Brokers could find themselves caught up in moves to limit commissions for add-on insurance products sold through car dealerships…
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…
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…
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…
14 November 2016
Class actions can now take place in Queensland, following a change of legislation.