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Regulatory & Government

Consultation begins on mandatory climate disclosures 

12 December 2022

Treasury has started a consultation on Federal Government plans to introduce standardised reporting for business climate-related disclosures, with insurers likely to be among large financial institutions initially required to meet new obligations...

ASIC releases enforcement report 

12 December 2022

The Australian Securities and Investments Commission has today released its latest enforcement report, summing up key actions taken from July to September...

Rival clears ACCC hurdle in takeover bid for iSelect 

05 December 2022

The competition watchdog has approved Innovation Holdings Australia’s proposed takeover of rival comparator iSelect, after its examination of the bid concluded the deal was “unlikely” to lead to reduced competition in the sector...

Tasmania says CTP premiums 'remain the lowest'

05 December 2022

Tasmanian compulsory third party premiums remained the lowest in Australia last financial year, Infrastructure and Transport Minister Michael Ferguson has told a hearing...

FAR bill hits snag over civil penalties measures

28 November 2022

Senate passage of the Financial Accountability Regime stalled last week after the Albanese Government decided not to press ahead with an amendment to include civil penalties of up to $1.1 million for individual executive breaches...

ARPC names COO

28 November 2022

The Australian Reinsurance Pool Corporation has appointed Victoria Simpson as COO...

AFCA apologises for general insurance complaint delays

21 November 2022

The Australian Financial Complaints Authority says its process of allocating general insurance complaints to the case management stage has been delayed by a “sudden and significant increase in insurance claims”...

ICA backs advice review proposal on conflicted remuneration

21 November 2022

The Insurance Council of Australia has supported a Quality of Advice review proposal to continue the general insurance exemption from the ban on conflicted remuneration, while consumer groups are calling for an end to commissions...

Bushfire resilience app to be rolled out nationally

21 November 2022

A Bushfire Resilience Star Rating App will be rolled out nationally next year following a recent pilot with the Shoalhaven community, which was severely affected by the Black Summer bushfires...