ASIC to get tougher on advertising
20 February 2012
The Australian Securities and Investments Commission has released a new guide on advertising financial products and warned it is monitoring traditional and new media…
Regulatory & Government
Opposition steps up attack on FOFA impact
20 February 2012
The Federal Opposition has continued its attack on the Government for not properly assessing the impact of the Future of Financial Advice reforms…
ASIC promises to deliver FOFA guidelines quickly
20 February 2012
The Australian Securities and Investments Commission will release regulatory guidelines on the Future of Financial Advice reforms as soon as possible, says Commissioner Peter Kell…
Royal commission hearing into death building to start in June
20 February 2012
The Canterbury Earthquakes Royal Commission will open a public hearing on June 25 into the collapse of the Canterbury Television building in Christchurch…
Insurance Contracts Amendment Bill under microscope
13 February 2012
Federal Treasury officials will reconsider practical issues around implementing “key facts” sheets after meeting with insurance representatives in Canberra last week…
Committee rejects NIBA call for FOFA review
13 February 2012
The chairman of the parliamentary inquiry into the Future of Financial Advice reforms has rejected the National Insurance Brokers Association’s call for a review of the legislation…
Canterbury earthquake: royal commission’s final report delayed
13 February 2012
The Royal Commission into building failure in the Canterbury earthquakes will deliver its report in stages after finding it can’t meet the April deadline…
Leadership spill at NSW WorkCover
13 February 2012
NSW WorkCover Authority CEO Lisa Hunt and Chairman Greg McCarthy have quit amid plans to fast-track reforms of the agency…
Committee threatens to look at more premiums
06 February 2012
Insurance premiums could come under further scrutiny, a House of Representatives committee has warned…
Flood cover discussions due this week
06 February 2012
Federal Treasury officials will join insurance and consumer group representatives this week to discuss how policyholders are informed about flood cover…
NIBA calls for FOFA impact review
06 February 2012
The National Insurance Brokers Association has called for a post-implementation review of the Future of Financial Advice reforms…
Horsell director banned by ASIC
06 February 2012
The corporate regulator has permanently banned South Australian company director Craig John Horsell from providing financial services after he dishonestly obtained more than $400,000…
Earthquake Commission proposes pricing for risk, dropping contents cover
06 February 2012
New Zealand’s Earthquake Commission wants to introduce differential pricing to reflect risk…
NIBA continues fight for ending stamp duty on policies
06 February 2012
The National Insurance Brokers Association has again called on federal and state governments to abolish taxes on policies…
WA OHS change to fix ‘legal uncertainty’
06 February 2012
The WA Parliament will again amend workers’ compensation laws after recent changes caused confusion among employers and in legal circles…
Government proposes director liability changes
30 January 2012
The Federal Government plans to repeal the section of the Insurance Contracts Act that applies liability to directors, employees or agents if they authorise a breach of the regulations…
Dam revelations extend inquiry
30 January 2012
Further hearings of the Queensland Floods Commission of Inquiry have been scheduled for this week and next week after revelations the Wivenhoe Dam’s operators were too slow in releasing water…
Unfair terms laws may include in insurance contracts
30 January 2012
The Federal Government is considering extending the unfair contract terms law to include insurance policies…
Motor theft body welcomes property register
30 January 2012
The National Motor Vehicle Theft Reduction Council has welcomed the inauguration of the Federal Government’s new Personal Property Securities Register…
Extension for group purchasing class order
30 January 2012
The Australian Securities and Investments Commission has extended the deadline for group purchasing bodies to meet with breach reporting conditions…