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...
17 July 2023
The Financial Markets Authority is seeking submissions on its proposal to introduce a business continuity and technology systems standard condition for certain types of market service licences...
17 July 2023
Treasury is seeking submissions on draft legislative amendments and explanatory materials to align the treatment of general insurance contracts with the new Australian Accounting Standards Board 17 Insurance Contracts rule...
17 July 2023
The Australian Prudential Regulation Authority has committed to address shortcomings in its management of superannuation identified in a report by the Financial Regulator Assessment Authority...
10 July 2023
The Australian Prudential Regulation Authority is encouraging every insurer to review common cyber resilience weaknesses identified in a sector-wide “stocktake,” and to incorporate strategies to address shortfalls...
10 July 2023
RACQ Insurance has signed up to the cyclone reinsurance pool, the latest insurance provider to join the Commonwealth-backed scheme aimed at easing premium pressures in northern Australia...
10 July 2023
Hundreds of families who missed out on the Victorian Government’s Porter Davis Homes bail out might now be eligible for support up to $50,000...
10 July 2023
New Zealand’s Accident Compensation Corporation has announced changes to its Accredited Employers Program from April 2025...
03 July 2023
The Australian Securities and Investments Commission has rescinded its interim stop orders banning the sales of 67 pet insurance products issued by Hollard and its underwriting management agency PetSure...
03 July 2023
The Federal Government has moved forward to the second stage of talks with large businesses, including insurers, over plans to ensure companies meet their climate-related obligations...
03 July 2023
A Melbourne insurance broker has been charged with 17 counts involving the alleged misuse of millions of dollars of client money and inflated insurance invoices...
03 July 2023
The Australian Law Reform Commission has pressed the case for an overhaul of financial services laws in the final report of a three-year inquiry, arguing rising complexities have increased costs and non-compliance risks...
03 July 2023
The Australian Prudential Regulation Authority has warned insurers and banks it will take further action to ensure gaps and weakness in cyber controls are addressed...
26 June 2023
The Australian Securities and Investments Commission will be monitoring industry progress on pricing practices after a review process that has led to remediation payments totalling $815 million to 5.6 million customers...
26 June 2023
Parliament has passed legislation for the Compensation Scheme of Last Resort, a Hayne royal commission-backed reform to provide financial redress for consumers...
26 June 2023
Australian Securities and Investments Commission Chair Joe Longo has rebutted an interim Senate report criticising the regulator’s enforcement record and rejected lawmakers’ claims that it was “obstructing” the ongoing inquiry into the regulator...