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Regulatory & Government

ASIC acts on hidden commissions

25 September 2007

ASIC has barred a former Heath Lambert Group insurance broker from working in the financial services industry for two years after revelations he was charging hidden commissions…

APRA power curbed

18 September 2007

The Federal Government has curtailed APRA's powers to disqualify company executives nearly two years after the case that prompted a review…

APRA to update capital levels

18 September 2007

An updated supervisory review process will ensure insurers have ample funds to meet their liabilities, APRA says…

Disputes board merger gets ASIC nod

11 September 2007

Merging the financial sector's largest disputes boards into one super-service should improve dispute resolution and efficiency, ASIC Chairman Tony D'Aloisio says…

APRA tightens regulatory noose

11 September 2007

Tighter reporting arrangements for non-authorised insurers are being mooted by APRA to improve capital adequacy reporting in the industry…

APRA disqualifies reinsurer executive

04 September 2007

The Australian Prudential Regulation Authority’s investigation into the reinsurance implications of the 2001 HIH collapse has claimed another scalp with the disqualification of Paul Williams…

APRA research push under new leader

04 September 2007

APRA has appointed Katrina Ellis as its new head of research under plans to broaden the scope of its applied research team…

ASIC spells out Westpoint case

28 August 2007

The Australian Securities and Investments Commission is continuing to investigate the collapse of the Westpoint property group…

Final Zurich executive barred

21 August 2007

Former Zurich Australia CEO Murray Jones has been disqualified from running an insurance company, following a three-year investigation…

Trowbridge explains APRA’s role

14 August 2007

The placing of all prudentially regulated industry segments under APRA has resulted in a regulatory model that Executive Member John Trowbridge describes as…

Ex-broker withdraws APRA appeal

07 August 2007

A three-year battle to clear his name has ended with former insurance broker Aaron Stephenson withdrawing his appeal against disqualification by APRA…

ASIC seeks opinions on training…

07 August 2007

The regulations governing training of financial product advisers are under the microscope, as ASIC awaits feedback on a consultation paper released last week…

APRA bars Gen Re officer for second time

31 July 2007

Former London-based Gen Re executive Milan Vukelic has been barred by APRA from directing or managing an insurance company in Australia following a three-year investigation…

ASIC seeks comment on PI changes

24 July 2007

Holders of financial services licences required to have professional indemnity insurance are being invited to give feedback on the new regulatory regime…

Ex-broker gets 18 months

17 July 2007

Former Sydney broker Paul Blundell will serve at least nine months in jail following his sentencing on Friday on charges of fraudulently omitting to account for money…

Warranty fraud sentenced

17 July 2007

A former Melbourne insurance broker has been given an 18-month community-based order for providing false building warranty insurance certificates to Victorian builders…