APRA data reveals first trickle of flood claims
07 March 2011
The first trickle of Queensland flood claims has appeared on the balance sheets of insurers, according to data from the Australian Prudential Regulation Authority…
Regulatory & Government
Victoria revisits fire services levy consultation
07 March 2011
The release of a white paper into the Victorian fire services levy and issues surrounding non-insurance has been put on hold as the state’s new government works through its own consultation process…
Pratten hails dropping of threat charge
07 March 2011
Sydney-based insurance executive Charles Pratten has had charges alleging he threatened a federal police officer dropped…
Lawyers cry foul over CTP bill
07 March 2011
Canberra’s legal fraternity says the ACT’s new compulsory third party insurance bill needs further review before being approved by the Legislative Assembly…
Call for compensation scheme
28 February 2011
Financial Services Compensation Scheme Chairman Peter E Daly has again called for the scheme to be implemented in Australia to assist retail clients…
HIH lessons helped APRA navigate the GFC
28 February 2011
The strength of the Australian Prudential Regulation Authority during the global financial crisis can be attributed, in part, to the collapse of HIH, a senior APRA official says…
New ASIC guide to make online delivery easier
28 February 2011
The Australian Securities and Investments Commission has released a regulatory guide on financial information that can be provided online following concerns about the difficulty of proving…
NT builders want insurance scheme details
28 February 2011
Builders in the NT will meet Lands and Planning Minister Gerry McCarthy next week to discuss concerns over the territory’s draft residential builders’ insurance legislation…
COAG approves national disaster resilience strategy
21 February 2011
The Council of Australian Governments has adopted a national strategy for disaster resilience after a proposal was submitted by the nation’s emergency services ministers…
Multinationals demand greater premium tax compliance
21 February 2011
As regulators around the world increase their scrutiny of multinational companies, those companies are paying closer attention to complying with insurance and premium tax regulations,…
New dispute resolution process to cut red tape
21 February 2011
The Australian Securities and Investments Commission is issuing new regulatory guidance on dispute resolution procedures, which could reduce paperwork for insurers and brokers who resolve…
New ACT CTP bill ‘to reduce premiums’
21 February 2011
The ACT Government says changes to its new compulsory third party legislation will “reduce third party insurance premiums” and lead to cheaper car registration in the territory…
Shorten lays down reforms
14 February 2011
Assistant Treasurer Bill Shorten has outlined his action plan for clarifying insurance policies and dealing with flood cover…
Directors’ liability reform stalls
14 February 2011
Reform to the myriad state and territory directors’ liability laws is behind schedule, less than 15 months after the governments agreed to audit their statute books…
Deadline looms for TPD deductions
14 February 2011
Superannuation fund trustees have until June 30 to ensure tax deductions for trauma and permanent disability insurance remiums meet new Federal Government rules…
NSW WorkCover denies laggard lawsuits
14 February 2011
NSW WorkCover has denied it’s taking more businesses to court for non-payment of their premiums…
Shorten warns insurers over consumer law
07 February 2011
Assistant Treasurer Bill Shorten has put insurers “on notice” that community and parliamentary forces are pushing for universal legal protections for all consumers…
ASIC seals deal for investors
07 February 2011
The Australian Securities and Investments Commission has brokered a final settlement deal against failed property group Westpoint and its auditors, KPMG…
Group purchasing bodies negotiations continue
07 February 2011
A solution to licensing problems for group purchasing bodies is still being sought after the regulator provided a temporary respite…
Flood: APRA wants to know impact
31 January 2011
The Australian Prudential Regulation Authority expects insurers to include the impact of events like the Queensland floods in their quarterly and annual regulatory reports…