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Regulatory & Government

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…

ASIC ramps up corporate governance messages

30 May 2016

The Australian Securities and Investments Commission has made its public messages on corporate governance more easily accessible as part of its overall goal to encourage good company practices…

Mecon hit by court order over fire levy

23 May 2016

Underwriting agency Mecon Insurance has refunded customers and paid costs of $20,000 after engaging in what Consumer Affairs Victoria called “price exploitation and misleading and deceptive conduct”…

ICA prefers hybrid no-fault CTP for NSW

23 May 2016

The Insurance Council of Australia says a hybrid no-fault compulsory third party scheme is the way forward for NSW, which is looking to reform the system…

ASIC Chairman steps down from global role

23 May 2016

Australian Securities and Investments Commission Chairman Greg Medcraft has relinquished his role as Chairman of the International Organisation of Securities Commissions…

Company’s licence suspended over PI failings

23 May 2016

The Australian Securities and Investments Commission has suspended the financial services licence of Marigold Falconer International Limited because it does not have current professional indemnity insurance…

ICA urges caution on NSW levy transition

16 May 2016

The Insurance Council of Australia has pleaded for understanding if overcharging occurs during the phasing-out of NSW’s emergency services levy…

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…