Regulatory & Government
26 August 2013
The Australian Securities and Investments Commission plans to scrap its register of approved training courses for financial product advisers and instead hand responsibility to educators and industry bodies…
26 August 2013
Compulsory third party reforms in NSW will be delayed at least a year after the State Government withdrew legislation from Parliament, according to IAG…
26 August 2013
David Matcham will step down as CEO of the Australian Reinsurance Pool Corporation when his contract ends early in October…
26 August 2013
The New Zealand Government proposes adding unfair contracts in insurance to consumer law reforms currently before Parliament…
19 August 2013
The Australian Prudential Regulation Authority has delayed new rules for conglomerates and moves to harmonise risk management standards across general and life insurers and banks…
19 August 2013
Victoria’s Fire Services Levy Monitor Allan Fels has begun checks on insurers’ premium pricing to ensure it reflects removal of the charge since July 1…
19 August 2013
Reforming the NSW third-party motor insurance scheme could shave $97 from the average premium next year, according to a report on the impact of switching to a no-fault program…
19 August 2013
The industry needs more time to comply with a proposal to collect data on reinsurance counterparties, according to the Insurance Council of Australia…
12 August 2013
The Federal Government should help drive the abolition of state insurance taxes to ease affordability concerns and increase policy coverage, a Senate committee says…
12 August 2013
Former Melbourne broker Bruce Wickett has been sentenced to 18 months in jail for stealing more than $660,000 of clients’ premiums and sending the money overseas to someone he met online…
12 August 2013
A new public register of earthquake-prone buildings in New Zealand will put pressure on owners to fix or demolish them, the Insurance Council of New Zealand says…
12 August 2013
WorkCover Queensland is to appoint a new medical advisory panel…
12 August 2013
The New Zealand Government is to establish a new national health and safety regulator…
05 August 2013
Victorian broker Bruce Wickett will be sentenced on Friday for stealing more than $660,000 of clients’ money…
05 August 2013
The Australian Securities and Investments Commission has permanently banned a Perth-based broker for misleading and deceptive conduct…
05 August 2013
The Insurance Council of Australia has rejected the suggestion that a new levy on bank deposits should be extended to insurance policies to increase consumer protection…
05 August 2013
The Australian Securities and Investments Commission is to check that financial advisers’ authorised representatives have adequate professional indemnity cover…
05 August 2013
The Australian Securities and Investments Commission is consulting on new record-keeping requirements for financial services licensees that provide advice to retail clients…
05 August 2013
The Australian Prudential Regulation Authority will assess how its recent reforms are tracking before introducing further changes…
05 August 2013
The Australian Securities and Investments Commission is on the lookout for mis-selling of consumer credit insurance, after a study raised concerns about customer experiences when lodging claims…