Government calls for feedback on ASIC capabilities
14 September 2015
Treasury is seeking submissions on the Australian Securities and Investments Commission’s capabilities…
Regulatory & Government
ICA calls for clarity in unfair contract terms revamp
14 September 2015
Small business insurance contracts should be explicitly prescribed as exempt from unfair contract terms protections, the Insurance Council of Australia says…
NZ homeowners ask court to rule on EQC impasse
14 September 2015
Lawyers for more than 100 Christchurch homeowners have delivered a letter to the Earthquake Commission outlining a group action seeking declarations from the High Court…
NZ reform benefits ‘will take years’ to flow
14 September 2015
New Zealand’s Financial Markets Authority believes it may take five years before the full benefits of its new regulatory regime are felt…
Reinsurance pool sets its objectives
07 September 2015
The Australian Reinsurance Pool Corporation’s corporate plan to 2019 highlights its key economic role in the event of a terrorist attack…
Search begins for new disability scheme board
07 September 2015
The terms of National Disability Insurance Agency board members expire next June 30, and Assistant Minister for Social Services Mitch Fifield says the search for fresh talent has begun…
Work safety agency updates ‘deemed” disease list
07 September 2015
Safe Work Australia has updated its list of work-related diseases and health dangers, to guide people involved in prevention work or compensation…
Product bans an extreme case: ASIC
07 September 2015
The Australian Securities and Investments Commission will ban products only as a last resort, according to Chairman Greg Medcraft…
Weak governance dogs NZ industry
07 September 2015
New Zealand’s Financial Markets Authority will step up its surveillance efforts to combat weak governance in companies…
ASIC targets vertically integrated advisers
07 September 2015
The Australian Securities and Investments Commission will scrutinise vertical integration in banks over the next financial year…
NSW Uber users exposed: ICA
31 August 2015
The Insurance Council of Australia says NSW drivers and passengers of ride-hailing services such as Uber may find themselves exposed after accidents…
Tax reform would bring ‘$36 billion protection boost’
31 August 2015
Abolishing state and territory taxes on insurance would add $36 billion to the nation’s home building and contents protection pool, according to research from the Insurance Council of Australia…
Bhatia starts new role with NSW insurance scheme
31 August 2015
Former Lumley General Insurance CEO Vivek Bhatia has been named CEO of Insurance & Care NSW – the State Government’s leading insurance scheme under workers’ compensation reforms that take effect tomorrow…
Canberra consults on ASIC funding model
31 August 2015
The Federal Government is seeking feedback on plans for an industry-funding model for the Australian Securities and Investments Commission’s regulatory activities…
Submissions support APRA board review
31 August 2015
The Australian Prudential Regulation Authority received 10 submissions in relation to its review of board requirements…
RBNZ updates data requirements
31 August 2015
The Reserve Bank of New Zealand has published updates to its insurer data collection requirements…
ASIC remakes financial advice class orders
31 August 2015
ASIC has replaced “sunsetting” class orders regarding product advertising and financial advice with new secondary services and general advice legislative instruments…
Senate hears of imported asbestos risk
24 August 2015
Potentially deadly asbestos is being imported into Australia, the Senate inquiry into non-conforming building products has heard…
IAG defends UberX cover after taxi association complaint
24 August 2015
IAG has rejected a complaint of misleading conduct made by the Australian Taxi Industry Association in relation to NRMA Insurance’s decision to cover UberX drivers…
Silence on insurance tax reform upsets ICA, NIBA
24 August 2015
Treasurer Joe Hockey’s tax reform workshop with state and territory counterparts last week should have been an ideal opportunity to make progress on the issue of inefficient insurance taxes…