Queensland closes on lifetime care for injured workers
20 June 2016
The Queensland Government has introduced a bill to Parliament providing lifetime care and support to people who suffer catastrophic injuries in the workplace…
Regulatory & Government
ASIC fintech deal paves way for Singapore expansion
20 June 2016
Regulators in Australia and Singapore have signed an agreement to help innovative financial technology companies expand in each other’s markets…
ICA demands fair Queensland ride-share reform
20 June 2016
Reform of Queensland’s “personalised transport” industry, including ride-sharing, must be fair to stakeholders, the Insurance Council of Australia says…
Regulators rethink ‘systemically important’ approach
20 June 2016
The International Association of Insurance Supervisors has revised its assessment methodology for designating global systemically important insurers…
RBNZ warns of email rort
20 June 2016
The Reserve Bank of New Zealand has cautioned businesses in the financial sector against opening a scam email purportedly from one of its employees…
ASIC to ease licensing laws on fintechs
14 June 2016
Fintech start-ups will be allowed to operate for six months without a licence under one of several proposals to make the financial sector more innovative…
Allianz in the doghouse over pet cover claims
14 June 2016
Allianz Australia has compensated 740 Petplan customers a total of $231,000 and its agent, Petplan Australasia, has corrected its advertising following action by regulators…
ACT finalises insurance levy axe
14 June 2016
The ACT Government has delivered on its pledge to abolish insurance tax in the 2016/17 budget, and the Insurance Council of Australia has called on other states and territories to follow suit…
ASIC opens first ‘best-interests’ action
14 June 2016
The first “best-interests” case has been instigated by the Australian Securities and Investments Commission, against Melbourne-based adviser group NSG Services…
Queensland considers ride-share reform
14 June 2016
A Queensland Government taskforce has released a discussion paper on reform of ride-sharing regulation…
EQC chairman stays, new deputy appointed
14 June 2016
Chairman of New Zealand’s Earthquake Commission Sir Maarten Wevers has been reappointed for a further three-year term…
Insurers prepare for NSW levy transition
06 June 2016
Insurers are ready to transit to NSW’s new system of funding its fire and emergency services via a property charge after Parliament passed legislation last week to abolish the existing levy on insurance policies…
ICA demands greater transparency from regulators
06 June 2016
The Insurance Council of Australia has told Treasury’s review of the financial institutions supervisory levies proposed for 2016/17 that regulators must improve information flows to the insurance industry…
SA CTP insurer sells property
06 June 2016
SA’s public compulsory third party insurer has put its portfolio of properties up for sale…
ASIC seeks ‘robust compliance culture’
06 June 2016
The Australian Securities and Investments Commission has published its third report on licensing activity…
Speakers named for global terrorism risk insurance conference
06 June 2016
National Counter Terrorism Co-ordinator Greg Moriarty will be among the headline speakers at the Global Terrorism Risk Insurance Conference in Canberra on October 6-7…
Injured workers to get up to $221,000 in lost wages
06 June 2016
WA Workcover has imposed a 1.8% increase in the amount an injured worker can receive for loss of wages…
Insurers unite on NSW CTP reform
30 May 2016
The Insurance Council of Australia and major insurers Suncorp, IAG and QBE have called for significant reform of the NSW compulsory third party scheme and a move to a hybrid no-fault model…
Winley’s licence cancelled, MD resigns
30 May 2016
Perth authorised representative company Winley Insurance MD Jeff Bailey resigned almost four weeks before the Australian Securities and Investments Commission (ASIC) cancelled the stricken company’s Australian financial services licence…
Don’t extend unfair contract terms to insurance: ICA
30 May 2016
The Insurance Council of Australia has come out strongly against proposals to extend unfair contract terms provisions to include insurance contracts…