Victorian guilty of dishonesty
03 October 2006
A Victorian former insurance agent and broker has pleaded guilty to two counts of dishonesty following an investigation by ASIC…
Regulatory & Government
APRA aims to avoid duplication
26 September 2006
After extensive industry consultation, the Australian Prudential Regulation Authority has aligned its general insurance framework with the international financial…
HIH questions just keep coming
26 September 2006
It’s more than five years since the collapse of HIH, and the fallout from the crash is still being played out in courts around Sydney…
Melbourne broker banned
26 September 2006
ASIC has disqualified a Melbourne insurance broker from providing financial services for five years…
Industry OK with NZ regulation plans
19 September 2006
As reported two weeks ago by Sunrise Exchange News, the NZ Government has released a review of insurance sector regulation, and the peak industry body has given it…
ASIC clarifies regulation relief
19 September 2006
The Australian Securities and Investments Commission has updated its policy statement on reducing the regulatory burden on business…
Tassie broker in court
19 September 2006
A Tasmanian insurance broker has appeared in Launceston Magistrates Court on nine charges brought by ASIC related to his conduct as a broker from July 2001 until September 2004…
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…
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…