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Regulatory & Government

APRA consultations over capital standards continue

20 June 2011

The Australian Prudential and Regulation Authority has updated the industry on its progress in designing a new capital adequacy regime, addressing industry concerns that have arisen after…

Government defines TPD deductions

20 June 2011

The Federal Government will allow a 100% tax deduction for any occupation total and permanent disability policy that is sold through a superannuation fund…

Insurance corruption slur

14 June 2011

The Victorian Government has downplayed the impact of a report which a builders’ group says shows builders’ warranty insurers are reaping massive profits…

ASIC aims for greater transparency

06 June 2011

The Australian Securities and Investments Commission must open up a more transparent system with better communication channels and education, new Chairman Greg Medcraft says…

ASIC looks at PDS requirement on phone sales

06 June 2011

The Australian Securities and Investments Commission is looking at how a product disclosure statement is provided to consumers seeking general insurance quotes over the phone…

Guiding employees back to work

06 June 2011

WorkCover WA is demystifying the workers’ compensation scheme for employers, highlighting the role of insurance in getting employees back on the job…

ADIs get new ‘behavioural boundaries’

06 June 2011

The Australian Prudential Regulation Authority is setting new behavioural boundaries for authorised deposit-taking institutions and the general and life insurance industries following a consultation…

WorkSafe agents slammed for poor reporting

30 May 2011

A scathing examination into Victoria’s WorkSafe claims processing has revealed some embarrassing failures by insurers and other claims agents and raised more questions over the sacking…