Australia moves to No 8 for reform
12 September 2006
Australia is leading the way when it comes to business regulation reform, according to Parliamentary Secretary to the Treasurer Chris Pearce…
Regulatory & Government
HIH officer faces ASIC charges
12 September 2006
Former HIH Company Secretary Frederick Lo has appeared at the Downing Centre Local Court in Sydney on four charges relating to his work with HIH…
HIH officer reportedly sues the liquidator
12 September 2006
HIH liquidator Tony McGrath has confirmed that George Sturesteps, the former right-hand man to HIH founder and CEO Ray Williams, is suing him for more than $3 million…
Former broker barred
12 September 2006
ASIC has permanently barred former Insurance Advisernet Australia broker Rae Morley of Coonamble in NSW from providing financial services…
NZ regulators going for a gentle touch
05 September 2006
The NZ Government has just released its second document on the proposed regulation of the financial services industry – and the industry says at first glance the proposals…
Fodera pleads not guilty
05 September 2006
Former HIH Insurance CFO Dominic Fodera will mount a “due diligence” defence after pleading not guilty in the NSW Supreme Court to a criminal charge of authorising the issue of…
Axa wants spotlight on APRA
29 August 2006
Fresh from winning an important victory over the Australian Prudential Regulation Authority, Axa Asia Pacific Holdings has called for a review of the regulator…
Government gets serious about its rethink
22 August 2006
Federal Treasurer Peter Costello has revealed the Government’s final response to the “Rethinking Regulation” report of a taskforce led by Productivity Commission Chairman…
Melbourne broker on dishonesty charges
22 August 2006
An insurance broker appeared at the Melbourne Magistrates Court last week to face dishonesty charges following an investigation by the Australian Securities and Investment…
Government moves to simplify business regulations
15 August 2006
The Federal Government is planning to reduce compliance costs for business, give companies greater ability to attract capital, and enhance accountability for regulators…
Fodera faces trial
15 August 2006
Former HIH Insurance finance director Dominic Fodera will face trial on six criminal charges relating to a reinsurance “side deal” that inflated the company’s 1999 profit statement…
Regulation performance review
15 August 2006
The Federal Treasurer’s Productivity Commission is looking into the feasibility of introducing performance indicators and reporting options to monitor and assess Government regulations…
Permanent bans for embezzlement
15 August 2006
ASIC has permanently barred a NSW insurance broker from providing financial services for misappropriating client funds…
ASIC looks to enforceable undertakings
08 August 2006
The Australian Securities and Investments Commission is planning more “real time” regulation of the financial services industry rather than always opting for the lengthy…
Penalties imposed on GIO trio
08 August 2006
Three former GIO Insurance directors have been barred from management roles for up to 12 years and have also been fined by the NSW Supreme Court for their involvement in…
NRMA may contest Whitlam decision
08 August 2006
NSW roads and motoring organisation NRMA has been ordered to assist former President Nick Whitlam by paying his legal costs from his defamation action against the Nine Network…
Fodera on trial
01 August 2006
HIH CFO Dominic Fodera has been committed in a Sydney court to stand trial on a criminal charge of authorising the issue of a prospectus from which there was a material omission…
Insurance broker charged
01 August 2006
NSW insurance broker Scot Weston has appeared before the Wollongong Local Court on 11 charges of dishonest conduct and obtaining a benefit by deception…
Judge forces ASIC to disclose
25 July 2006
The Australian Securities and Investments Commission has been ordered by a Federal Court judge to tell former Zurich Asia Pacific CFO Warwick Churche about information…
Foreign executive banned for five years
25 July 2006
APRA has demonstrated the length of its regulatory reach by joining with the British Financial Services Authority to bar an insurance executive based in Ireland…