07 August 2023
The Australian Prudential Regulation Authority says remuneration disclosure obligations aimed at increasing transparency and preventing misbehaviour at financial firms will start from next year, with more flexibility on timeframes included following consultations...
07 August 2023
The New Zealand Government has announced an agreement with local councils of the cyclone-affected region of Hawke’s Bay to help share the costs of buying out nearby properties that face unmitigable future risks.
07 August 2023
General insurers are permitted to use catastrophe bonds and other types of insurance-linked securities for their reinsurance needs, the Australian Prudential Regulation Authority says in a reminder letter to the industry...
07 August 2023
WorkSafe says it has “weeded out a new crop of compensation fraudsters” as it reveals it cracked down on 37 fraudulent claims worth a combined projected cost of $20.64 million in the last financial year...
31 July 2023
Clyde & Co has described the incoming Financial Accountability Regime as “easy to understand in theory but difficult to implement”...
31 July 2023
The Federal Government has extended a professional indemnity insurance exemption for midwives in private practice so that they can continue offering homebirth services...
31 July 2023
The Federal Government will mandate reversing technologies in all new vehicle models from November 1, 2025...
31 July 2023
New Zealand regulator the Financial Markets Authority has started preparing for the commencement in 2025 of a new conduct regime that will apply to licensed insurers, banks and non-bank deposit takers...
31 July 2023
The NSW and Federal governments have announced a jointly funded $9.1 million initiative to support the recovery of flood-affected communities...
31 July 2023
The WA Government has announced its inaugural Climate Adaptation Strategy, outlining a series of commitments to environmental adaptation programs...
31 July 2023
The Victorian Government has announced that it will expand its “Homes at Home” program to support recovery aid for flood-affected residents in Campaspe and Mitchell Shires and Greater Shepparton area...
24 July 2023
The competition regulator has again delayed its decision on whether to give a $4.9 billion sale of Suncorp Bank to ANZ the go ahead, until August...
24 July 2023
The Australian Securities and Investments Commission has stepped up its surveillance of industry compliance with design and distribution obligations laws after an initial review of target market determinations found worrying practices...
24 July 2023
Draft rules for governing the proposed Financial Accountability Regime scheme, a Hayne royal commission recommendation, have been released for consultation...
24 July 2023
New Zealanders displaced by extreme weather that struck the North Island in May will receive an interim payment when their insurance payments for temporary accommodation run out...
24 July 2023
Builders undertaking certain residential construction works in NSW will be exempt from taking out compulsory Home Building Compensation insurance following recent law changes...
24 July 2023
A NSW District Court has handed down a record fine of $2.025 million after a tree removal company failed to provide adequate protection to a worker who was killed while operating a woodchipper...
17 July 2023
NSW’s State Insurance Regulatory Authority has issued a letter of censure to IAG after it found that the insurer, operating under the NRMA Insurance brand, had delayed weekly payments for 43 Compulsory Third Party claims...
17 July 2023
Queensland Deputy Premier and State Development Minister Steven Miles has announced a further $10 million joint State and Federal Government investment towards building resilience projects across the state...
17 July 2023
NSW emergency agencies are repaying the support of their Canadian colleagues during the devastating Australian 2019-20 bushfires by sending personnel to help with wildfires in Canada...