NZ reforms draw withering response from insurers
16 May 2016
Insurers oppose the New Zealand Government’s proposed reforms of the financial services industry, which include making a clear distinction between sales and advice…
Regulatory & Government
Workers’ comp transition looms in SA
16 May 2016
People with work-related injuries and the medics who treat them are being contacted by ReturnToWorkSA as part of a program to help some South Australians transition from workers’ compensation-funded services…
Government announces dispute review panel
09 May 2016
The Federal Government has named the independent expert panel that will review the financial system’s external dispute resolution and complaints network…
ICA welcomes disaster resilience funding
09 May 2016
More than $100 million may be available for natural disaster resilience efforts after Treasurer Scott Morrison increased funding for a national program in the budget, according to the Insurance Council of Australia…
Canberra takes $112 million from terror pool
09 May 2016
The Federal Government has issued the Australian Reinsurance Pool Corporation with directions to pay it $112.5 million…
Government seeks submissions on supervisory levies
09 May 2016
The Federal Government wants submissions on proposed financial institution supervisory levies that will apply next financial year…
Extra funding lifts enforcement, data analysis: ASIC
09 May 2016
Additional federal funding will enable further surveillance and enforcement in areas such as life insurance, financial planning, responsible lending and misconduct and breach reporting, Australian Securities and Investments Commission Chairman Greg Medcraft says…
WA widens care for motor accident victims
02 May 2016
The WA Government has extended motor vehicle injury insurance coverage for people catastrophically hurt in accidents…
CSIRO to open climate research facility
02 May 2016
CSIRO will establish a national climate research centre in Hobart, hosting 40 full-time scientists…
NIBA issues guidance on NSW levy
02 May 2016
The National Insurance Brokers Association has provided guidance to members on the pending abolition of the NSW emergency services levy…
NZ insurers slam ‘unfair’ fire service funding reform
02 May 2016
The Insurance Council of New Zealand says the country’s fire service funding model is “blatantly unfair” and “well out of step” with international best practice…
QBE works to rectify possible BWI non-compliance
02 May 2016
QBE says it is working with ACT authorities to address a potential compliance breach regarding its builders’ warranty insurance operation…
Canberra unveils study grants for emergency volunteers
02 May 2016
The Federal Government has announced a $1 million scholarship fund to help educate emergency management volunteers who help communities cope after floods, bushfires and other natural disasters…
ICA, NIBA concerned over ASIC funding
26 April 2016
General insurance representatives fear the industry will end up paying for the mistakes of banks as the Australian Securities and Investments Commission moves to an industry funding model…
Medcraft’s ASIC reign extended
26 April 2016
Australian Securities and Investments Commission Chairman Greg Medcraft will receive an 18-month extension to his term…
FOS reviews small business remit
26 April 2016
The Financial Ombudsman Service will work with the Australian Securities and Investments Commission to review the service’s small business jurisdiction…
Court fines Europcar over unfair insurance terms
26 April 2016
The Federal Court has fined Europcar $100,000 for misleading customers about the scope of protection when they buy extra insurance…
Cyber-security plan will unlock innovation, PM says
26 April 2016
Prime Minister Malcolm Turnbull says an “open, free and secure” internet is vital for Australia’s future prosperity…
ARPC makes senior appointments
26 April 2016
The Australian Reinsurance Pool Corporation has announced three leadership appointments, including senior insurance executive John Park as CFO…
Queensland cracks down on illegal ride-sharing services
26 April 2016
The Queensland Parliament has approved legislation to impose tougher fines on illegal ride-sharing services in the state…