APRA and ASIC advise on life insurance
08 November 2005
The Australian Prudential Regulation Authority and ASIC have jointly published “Unit pricing – guide to good practice” for the life insurance, superannuation and…
Regulatory & Government
APRA new paper completes round two reforms
01 November 2005
APRA has released an additional discussion paper and proposals for General Insurance Reform Stage Two, which it says will tie up some legislative loose ends…
Walk the talk, APRA tells insurers
01 November 2005
The risk management capabilities of the general insurance industry have improved in the past few years, but some insurers are all talk and no action, according to APRA…
ASIC drops authorisation requirement
01 November 2005
The “refinement” of the Financial Services Reform Act continues, with ASIC announcing late last week its decision to give Australian financial services licensees the ability to drop…
APRA makes its stand on corporate governance
25 October 2005
Australia’s multi-faceted corporate regulatory system can cause the occasional dispute over territory between the various regulators, and last week APRA Chairman John Laker…
Homesafe guilty of providing builders' warranty insurance
25 October 2005
A director of Homesafe Equities, Geoffrey Wade, of Castlemaine, Victoria, has pleaded guilty in the Melbourne Magistrates Court to one charge of carrying on a financial services business…
Statistics shed light on market consolidation
11 October 2005
Despite the confusion surrounding the statistics, the Australian Prudential Regulation Authority’s quarterly general insurance performance statistics show some interesting trends…
APRA statistics cause confusion
11 October 2005
APRA has released its Quarterly General Insurance Performance statistics for the second quarter, despite releasing its Insight statistics for the same period only a couple of weeks ago…
HIH Chairman disqualified
11 October 2005
APRA last week added another notch to its HIH disqualification belt…
FSRA may apply to real estate advice
11 October 2005
Advice provided by real estate agents may be regulated by the Financial Services Reform Act, according to an independent report commissioned by major accountants’ body CPA Australia…
APRA unveils changes to life company rules
04 October 2005
APRA has released a discussion paper dealing with changes to life company financial statements and contract classification…
Mixed reactions to tough directors reforms
04 October 2005
Proposals to expand directors’ duties below board level as a result of the HIH Royal Commission recommendations have received mixed reactions from business groups…
APRA wants opinions on statistics
04 October 2005
Do you have an opinion on the sort of information the Australian Prudential Regulation Authority should include in its upcoming publication on general insurance industry statistics…?
APRA disqualifies another HIH exec
27 September 2005
The Australian Prudential Regulation Authority has disqualified another former HIH senior executive, taking the number of people disqualified to 27
ASIC reminds motorists as director fined for contempt
27 September 2005
The Australian Securities and Investments Commission has reminded motorists insured with Liban Net to check their policies after the Federal Court of Australia found company director…
Axa boss fights APRA disqualification
20 September 2005
Axa’s Asia-Pacific boss Andy Penn – long regarded as the successor to CEO Les Owen – has vowed to fight a decision by APRA to disqualify him from running a superannuation fund…
APRA dumps No 26
20 September 2005
Former HIH senior executive Greg Brown has been disqualified from being or acting as a director or senior manager of a general insurer by APRA…
FSR refinements on track, says ASIC
13 September 2005
ASIC is “100% on schedule” to deliver the eight financial services regulation refinement projects the Government gave it back in May…
ASIC releases example SOA
06 September 2005
The days of overlong, legalistic and unreadable statements of advice are numbered…
APRA releases IFRS paper
06 September 2005
The Australian Prudential Regulation Authority has released the second of two discussion papers setting out its proposed response to the adoption of…