Brokers provide protection: NIBA
09 September 2003
Following ASIC’s recent spate of exposing fraudulent insurance brokers, NIBA has warned that policyholders should be more wary than ever about who they’re entrusting their cover to…
Regulatory & Government
Reinforced warning to policyholders
09 September 2003
ASIC has reiterated its warning of last week that NSW policyholders with insurance arranged through Cootamundra Insurance Consultants and Insurance Made Easy should…
ASIC worried about broker premiums
02 September 2003
ASIC has warned residents and businesses in the rural NSW centres of Cootamundra and Lennox Heads who have arranged insurance cover through…
ASIC snaps back at allegations
26 August 2003
Retiring ASIC Chairman David Knott was still under fire from the media last week, continuing to slap aside allegations regarding his business relationships years before…
Warrnambool agent jailed
26 August 2003
Former insurance agent Vittorio Ziegelaar, who operated in the Victorian coastal town of Warrnambool, has been sentenced to two years’ jail after receiving more than $280,000…
No deals for FSR laggards, says ASIC
19 August 2003
Some disturbing facts for intermediaries who still haven’t decided on their FSR licensing strategy have been revealed by Ian Johnston…
New guide aims at small businesses’ AFSL confusion
19 August 2003
ASIC has released an updated version of its compliance guide for small businesses in a bid to end confusion about new industry requirements…
ASIC looks at foreign insurers’ distribution
19 August 2003
APRA and ASIC are continuing to put pressure on unauthorised foreign insurers operating into the Australian market…
Former NTI chief goes to jail
19 August 2003
Former National Transport Insurance MD Trevor Smith has been sentenced to 18 months jail on 13 charges relating to his improper use of his position…
New ACCC chief warns insurers
19 August 2003
The ACCC will be looking for savings from the tort reforms being introduced around Australia, says new Chairman Graeme Samuel…
WA planner banned for three years
19 August 2003
ASIC has banned Perth financial planner Darren Horner from acting as a representative of a dealer or an investment adviser for three years
Former MD pleads guilty
12 August 2003
Former National Transport Insurance MD Trevor Smith, of the Gold Coast, pleaded guilty in the Southport District Court yesterday to 13 charges of dishonestly…
APRA launches data collection project
05 August 2003
Assistant Treasurer Helen Coonan’s demand for more detailed information on public and professional liability is being met, with APRA beginning consultation…
FSRA preparations: hurry up!
05 August 2003
ASIC isn’t sounding worried about the imminent deluge of FSR licence applications heading its way…
Guide explains officers’ responsibilities
29 July 2003
ASIC has released a new licensing guide for nominated responsible officers in a bid to end confusion about their role under the FSRA…
ASIC clears the way for mutual risk products
22 July 2003
Mutual risk products are to be classified as financial products under the Corporations Act, says ASIC…
Wollongong financial planner banned
22 July 2003
ASIC has banned former Wollongong financial planner Dennis Anthony from acting as a representative of a securities dealer or an investment adviser for three years…
HIH lawsuits closer, says McGrath
15 July 2003
HIH liquidator Tony McGrath has dropped plans to sue APRA for its part in the insurer’s collapse, but he’s preparing briefs against a range of other parties associated with…
Poor statistical returns for insurers
15 July 2003
APRA has given general insurers a rap across the knuckles over their quarterly data returns…
Performance ads restricted
08 July 2003
Companies contemplating using past financial performance figures to entice investors will have to make sure the information isn’t misleading, or they’ll be dealing with ASIC…