24 June 2013
Insurers will find it easier to communicate electronically with clients after the Senate last week passed the Insurance Contracts Amendment Bill, which gives greater certainty about information that can be sent…
24 June 2013
The Australian Securities and Investments Commission has proposed higher training standards for financial advisers…
24 June 2013
The NSW Government will delay plans to reform the state’s compulsory third-party insurance scheme after failing to secure support in the Parliament’s upper house…
24 June 2013
Outgoing Labor MP and former attorney-general Robert McClelland has criticised emergency management procedures in Australia…
24 June 2013
A bill requiring the Insurance Commission of WA to pay dividends will push up premiums, state Shadow Treasurer Ben Wyatt says…
24 June 2013
Investor education should promote financial literacy and behavioural change, says Australian Securities and Investments Commission Chairman Greg Medcraft…
24 June 2013
The NSW Government is to reveal proposed building law reforms following a review of current arrangements…
24 June 2013
The International Accounting Standards Board is seeking comments on its revised draft proposals for insurance contracts…
24 June 2013
The Insurance Council of New Zealand is forming a working party to examine solvency standards proposed by the Reserve Bank of New Zealand…
24 June 2013
Senior regulators John Price and Ian Laughlin have been made part-time members of the Financial Reporting Council…
24 June 2013
More than 120 members and guests discussed key regulatory issues at the International Association of Insurance Supervisors’ sixth annual global seminar last week…
17 June 2013
Accountants will be able to give general insurance product advice to retail and wholesale clients under limited Australian financial services licences, according to new Australian Securities and Investments…
17 June 2013
General insurers face more regulatory changes in the next financial year, according to KPMG partner Craig Davis…
17 June 2013
Draft legislation to add unfair contract terms to insurance law is “seriously flawed” and could damage the industry, according to the Insurance Council of Australia…
17 June 2013
Independent motor repairers and carmakers have been given until the end of the year to make “substantial progress” on a voluntary code of conduct, before the Federal Government considers imposing…
17 June 2013
Some insurers pay a disproportionate price for financial supervision because of they way they use reinsurance, an Insurance Council of Australia submission to Treasury claims…
17 June 2013
The ACT will cut stamp duty on insurance premiums a further 20% from July 1, after announcing last year it would wind down the tax…
11 June 2013
Proposals to add unfair contract terms to the Insurance Contracts Act should be tightened to ensure the Australian Securities and Investments Commission can investigate earlier, consumer advocates…
11 June 2013
Bigger is not necessarily better when it comes to insurers’ reports on internal capital adequacy assessment processes, regulators say…
11 June 2013
The Victorian Fire Services Levy Monitor has updated its guidelines for insurers in recognition of the fact that many have already dropped the charge from their policies…