Adviser register on track for March release
16 February 2015
ASIC says it is “well advanced” in developing a public register of financial advisers…
Regulatory & Government
NSW workers’ comp incentives roll out to larger firms
09 February 2015
WorkCover NSW is to offer incentives such as premium cuts to about 15,000 large and medium-sized employers with 2.6 million staff, in a bid to reduce claims and lift return-to-work rates…
Victoria reviews WorkSafe, TAC
09 February 2015
The Victorian Government will hold a review aimed at improving the effectiveness and efficiency of WorkSafe and the Transport Accident Commission…
ICA calls for budget action on mitigation, APRA funding
09 February 2015
The next federal budget should prioritise funding for disaster mitigation, the Insurance Council of Australia has told Treasury…
Frydenberg to address ICA seminar
09 February 2015
The industry will get its first indication of how new Assistant Treasurer Josh Frydenberg views insurance on February 27 at the Insurance Council of Australia’s regulatory seminar…
Terrorism pool cuts capacity
09 February 2015
The Australian Reinsurance Pool Corporation has reduced its capacity after cutting this year’s retrocession program to save money…
WA’s proposed no-fault CTP ‘too expensive’
09 February 2015
Concerns have been raised about the cost of WA’s proposed no-fault compulsory third party scheme, which Premier Colin Barnett has hinted will be introduced in this year’s state budget…
Letterheads ‘barrier’ leads to QBE change
09 February 2015
QBE has agreed to use its own corporate letterheads to contact clients after concerns were raised by the Australian Securities and Investments Commission…
NZ minister flags minor changes to EQC Act
09 February 2015
The New Zealand Government has proposed only minor changes to the Earthquake Commission following a review…
ASIC takes action on warranty website
09 February 2015
Regulators have told a supplier of warranty products to vehicle and equipment makers to remove potentially misleading statements from its website…
Regulators consult on global capital standard
09 February 2015
The International Association of Insurance Supervisors has opened a consultation on the risk-based global insurance capital standard…
ASIC bans Sydney broker
02 February 2015
The Australian Securities and Investments Commission has banned insurance broker Warren Gelle, director of WD Gelle Insurance & Finance Brokers, for three years…
APRA probes commercial lines pricing
02 February 2015
Strong competition in commercial insurance lines has attracted the attention of the Australian Prudential Regulation Authority, which is investigating pricing…
Ex-Lumley chief to run NSW workers’ comp insurance agency
02 February 2015
Former Lumley Insurance CEO John Nagle has been appointed Executive Director of WorkCover Insurance in NSW…
NT begins flood mitigation scheme after TIO sale
02 February 2015
The NT Government is setting up committees to investigate flood mitigation work in Darwin and Katherine, funded by the sale of the Territory Insurance Office…
Trans-Tasman deal could ease professional insurance requirements
02 February 2015
Professionals who work in both Australia and New Zealand may no longer need duplicate insurance policies under proposals to remove trade and employment barriers…
Sydney attack ‘shows importance of terrorism pool’
02 February 2015
The Martin Place siege in Sydney has raised awareness of the importance of terrorism reinsurance pools, according to the Australian Reinsurance Pool Corporation…
NSW smash repair reforms draw criticism
02 February 2015
Insurers have rejected many of the NSW Government’s plans to reform the smash repair industry, particularly establishment of a licensing scheme for assessors…
Government receives disaster funding report
02 February 2015
The Productivity Commission’s final report on natural disaster funding arrangements has been handed to the Federal Government…
Red tape reduction hits stumbling block
02 February 2015
Regulatory attempts to cut red tape by allowing insurers to use electronic disclosure documents have fallen foul of the Insurance Contracts Act…