11 August 2008
Industry fears that the Federal Government’s tax review won’t extend to insurance tax reform were allayed last week after a Treasury discussion paper drew a link between insurance taxes…
11 August 2008
Healthy investment returns helped general insurers offset a 21% surge in claims last year, the Australian Prudential Regulation Authority’s half-yearly report reveals...
11 August 2008
The financial services sector wants more action from the Federal Government to entrench Australia as a financial services hub, allowing local players to compete with overseas…
04 August 2008
An ASIC questionnaire on professional indemnity insurance is not compulsory for Australian financial services licensees...
04 August 2008
A former auditor of HIH Insurance was last week banned from the profession until March 2010 following an enforceable undertaking agreed with ASIC...
04 August 2008
The Federal Government is creating a new team to promote Australia – specifically Sydney – as a financial services hub...
28 July 2008
Former FAI General Insurance accountant Ashraf Kamha received a suspended six-month prison sentence in the NSW Supreme Court on Friday for his part in producing fraudulent company accounts...
28 July 2008
Former HIH Deputy Chairman Charles Abbott has won an appeal against an APRA ban preventing him acting as a director or senior executive of an insurance company...
28 July 2008
The Australian Safety and Compensation Council has completed an unenviable task and managed to explain the complex world of workers’ compensation...
21 July 2008
A Melbourne broker convicted of stealing almost $120,000 from clients was last week jailed for six months...
21 July 2008
Victoria is considering whether to ditch its workplace compensation laws...
14 July 2008
With a sometimes prickly relationship evident between the insurance industry and the Australian Competition and Consumer Commission, the appointment on Friday of Choice CEO...
14 July 2008
ASIC has commenced new proceedings against Westpoint founder Norm Carey after an initial ruling against the regulator opened the door for a fresh bid...
14 July 2008
APRA has awarded two $12,500 student scholarships under the Brian Gray Scholarship Program...
07 July 2008
Insurers are set to pay more to fund regulators’ activities following a hike in the financial sector levy that sees the Australian Prudential Regulation Authority increase its overall take…
07 July 2008
A Victorian broker has pleaded guilty to four fraud-related charges brought by the corporate regulator...
07 July 2008
APRA has set out draft prudential requirements for the use of the internal model-based method in the calculation of insurers’ minimum capital requirements...
30 June 2008
The Australian Prudential Regulation Authority has finalised refinements to the general insurance prudential framework...
30 June 2008
Westpoint founder Norm Carey has won his case against the Australian Securities and Investments Commission...
30 June 2008
ASIC will appoint two additional commissioners to cope with its expanded role, bringing the number of commissioners to five...