ASIC still has teeth: Lucy
30 May 2006
ASIC has hit out at suggestions it is a toothless tiger that avoids going after the big fish of corporate Australia…
30 May 2006
ASIC has hit out at suggestions it is a toothless tiger that avoids going after the big fish of corporate Australia…
30 May 2006
Two Victorian men who allegedly distributed builders’ warranty insurance for projects valued at more than $100 million have been committed to stand trial in the Victorian County Court…
23 May 2006
Despite the improved behaviour of former HIH Insurance director Rodney Adler while behind bars, he has been unsuccessful in his appeal to have his jail sentence overturned…
23 May 2006
The Australian Prudential Regulation Authority has announced the disqualification of HIH directors Justin Gardener and Alexander Gorrie from being or acting as directors…
23 May 2006
HIH business associate Brad Cooper has applied to the NSW Supreme Court for leniency in his sentence after being found guilty of charges related to the collapse of the insurer…
23 May 2006
APRA has released updated draft reporting forms and instructions for regulated general insurers…
16 May 2006
The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have received additional funding in the Federal Budget…
16 May 2006
Former Sydney insurance brokers Paul and Richard Blundell of Blundell & Associates have been committed to face the District Court on 18 charges following an investigation…
09 May 2006
The Australian Prudential Regulation Authority has released new governance standards for life and general insurance companies…
09 May 2006
The Australian Securities and Investments Commission is urging all investors in the Westpoint mezzanine project to complete an online questionnaire so investigations…
02 May 2006
Large insurers are paying up to $60 million a year to comply with regulatory measures imposed by the financial services watchdogs, according to the Insurance Council of Australia…
02 May 2006
Who would have thought it? The prudential regulator itself is facing more stringent regulation with the passing of new legislation effective from July next year…
02 May 2006
Financial media personality and Financial Literacy Foundation Chairman Paul Clitheroe says regulation alone isn’t enough to prevent another large-scale corporate collapse…
02 May 2006
The financial services watchdog has taken Federal Court action in Perth against iPlus Risk Management and its directors Michael Andersen and John Pizzey to prevent them from…
26 April 2006
A newspaper report suggesting ASIC Chairman Jeffrey Lucy will step down before the end of his three-year contract has caused some speculation this week…
11 April 2006
It’s confirmed – APRA thinks the Federal Treasury’s plan to regulate direct offshore foreign insurers and discretionary mutual funds is unworkable…
11 April 2006
Be careful what goes in your shop window…
11 April 2006
APRA has barred Paul Abela from being a director or senior manager for a general insurer in Australia because of his connection to the HIH Insurance collapse in 2001…
11 April 2006
A former director of Queensland-based insurance broker Allstate Insurance has been convicted on 14 counts of fraud and sentenced to 18 months’ jail, to be suspended for two years…
04 April 2006
Despite refinements to the Financial Services Reform Act last year, Parliamentary Secretary to the Treasurer Chris Pearce says more regulation is coming…