19 February 2024
Tasmania’s Government has shelved plans to reform its fire and emergency services funding after the proposed model, which would have removed a levy on business insurance, sparked protests from local government, farming and property groups...
19 February 2024
NSW state insurer icare will launch a “major transformation” of its main workers’ compensation scheme in June, rolling out increased choice of claims service providers and greater transparency on performance...
19 February 2024
Authorities in SA are seeking views on the challenges faced by brokers and the broking distribution system under the state’s troubled builders’ warranty insurance model...
19 February 2024
Queensland is the latest state to transfer heavy vehicle regulation to the national watchdog, joining NSW, South Australia, Victoria, Tasmania and the ACT...
12 February 2024
More than 400 flood-proof homes will be built in Lismore under a deal between Southern Cross University and the NSW reconstruction agency...
12 February 2024
Australia’s climate-related financial disclosure should align as much as possible with global standards, the Insurance Council of Australia says in a submission on draft legislation...
12 February 2024
The Federal Government will invest $91.8 million in disaster recovery and resilience for Queensland communities...
12 February 2024
Unions NSW Secretary Mark Morey has been appointed to the icare board as an employee representative after a reform last year requiring inclusion of two directors nominated by worker and business bodies...
05 February 2024
The Federal Government should provide $250 million a year to pay for buy-back and home-raising projects, the Insurance Council of Australia says...
05 February 2024
Budget Direct owner Auto & General Insurance has engaged an independent expert to review its risk management processes after the regulator uncovered “significant” weaknesses...
05 February 2024
New Zealand’s High Court has ordered CBL Corporation and four of its former directors to pay penalties for continuous disclosure and misleading conduct breaches that happened before the company was placed in liquidation...
05 February 2024
Building Commission NSW has backed recent construction industry reforms despite a new survey finding more than half of strata buildings in the state have serious defects...
05 February 2024
The Australian Law Reform Commission has proposed a shake-up of financial services laws it says are convoluted, a “tangled mess”, costly to comply with and unnecessarily difficult to enforce...
05 February 2024
The NSW State Insurance Regulatory Authority has clawed back $183.1 million in excess profit from compulsory third party insurers following an annual assessment...
05 February 2024
The Australian Prudential Regulation Authority has provided an interim update on its supervision and policy priorities for the first six months of the year...
05 February 2024
The NSW regulator has censured IAG’s NRMA Insurance over delays starting weekly benefit payments on four compulsory third party claims...
05 February 2024
A transport company’s national operations manager has been found guilty of a category 1 Heavy Vehicle National Law offence for the first time in Australia...
05 February 2024
The Australian Prudential Regulation Authority has retired two outdated practice guides on risk management frameworks for general and life insurers...
05 February 2024
The Compensation Scheme of Last Resort board says major insurers and banking groups will pay $241 million under its first levy, as it outlines estimated funding for the program...
18 December 2023
The NSW Government held meetings last week with representatives from the insurance industry, and also with the property and retail sectors, to follow up on last month’s announcement to reform the state’s Emergency Services Levy funding arrangements...