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Regulatory & Government

Ex-exec considers action against regulator

18 July 2006

Sydney media reports suggesting the Australian Prudential Regulation Authority is considering criminal charges against Zurich Australia ended up with retractions this morning…

Dexta co-founder due to face court

11 July 2006

Former Dexta Corporation MD and co-founder Ashraf Kamha and his old FAI Insurance colleague Daniel Wilkie – the company’s COO – are due to face court next month…

ASIC guide to detail role

11 July 2006

In case you didn’t know…  ASIC has stepped up its commitment to better regulation initiatives by launching a guide to how the regulator works…

Cooper cools off at Cooma

11 July 2006

Brad Cooper has been shifted from Sydney to a southern NSW prison to serve out the remainder of his eight-year sentence for 13 crimes…

Turnbull sued over HIH

27 June 2006

He knew there was always a chance, but now he has the paper to prove it…

Trowbridge joins APRA

27 June 2006

Federal Treasurer Peter Costello has announced the appointment of industry veteran John Trowbridge to the three-member executive of the Australian Prudential Regulation Authority…

Deceptive agent banned for life

27 June 2006

A Victorian insurance agent is facing a lifetime ban from providing financial services after ASIC found he acted dishonestly and deceptively…

ASIC issues eight-year ban

27 June 2006

A Sydney-based company director who sold insurance has been banned from managing corporations for eight years under action brought to the Federal Court by ASIC…

Tasmanian broker faces court

20 June 2006

A Tasmanian insurance broker has faced nine Australian Securities and Investments Commission charges in relation to dishonest conduct and failure to disclose fees and charges…

Broker out for life

20 June 2006

A Melbourne broker has received a lifetime ban from providing financial services after allegedly lodging a false loan application and creating false insurance invoices…

Commissions offside with Treasury

14 June 2006

The Federal Government says moving away from commission-based fee structures will have long-term benefits for consumers and the financial advice industry…

States cutting workers’ comp rates

06 June 2006

Victoria and NSW are cutting their workers’ compensation premiums, with NSW claiming a 15% cut in the past six months and Victoria announcing a 10% cut from July 1…

Former FAI man pleads guilty

06 June 2006

Former FAI General Insurance Financial Controller Tony Boulden has pleaded guilty to breaching the Corporations Law…

Insurers face global regulation

06 June 2006

Australian prudential regulation should be in line with international accounting standards by the end of the year, the industry watchdog says…

Victorian banned for life

06 June 2006

A Victorian financial adviser has been stripped of his licence after fraudulently obtaining loans for insurance premiums…

That’s it for conflict, says Cooper

30 May 2006

Regulation is often viewed as a four-letter word in the financial services industry, but the Australian Securities and Investments Commission has some good news…