Broker agrees to undertaking
11 September 2001
ASIC has accepted an enforceable undertaking from Melbourne company Insurance Brokers Limited to comply with the Insurance (Agents & Brokers) Act by paying premiums to insurers…
Regulatory & Government
Now it’s the Financial Services Reform Act – with a late start
04 September 2001
Financial Services and Regulation Minister Joe Hockey has capitulated to pressure from the financial services sector and put back the implementation date for the…
And general insurance reforms get through, too
04 September 2001
The general insurance reform legislation also made its way into law last week, finally passing through the entire parliamentary process…
Hockey onto super
28 August 2001
APRA is the news again, this time because Financial Services and Regulation Minister Joe Hockey is offering them the opportunity to present a “wish list” of what they…
Victoria rejigs industrial manslaughter law
28 August 2001
The Victorian Government has had a rethink over its proposed industrial manslaughter bill…
FSRB debate begins today
21 August 2001
The Financial Services Reform Bill comes into the Senate today for debate…
Hockey may make October 1 deadline
21 August 2001
Not only is Joe Hockey likely to get the FSRB – soon to be known as the Financial Services Reform Act – through Parliament on schedule, he is also likely to meet his own…
“Broker” agrees to contact customers
21 August 2001
A Melbourne man who allegedly practised as a broker when he was not licensed has been ordered to write to each of his customers and direct them to contact…
Kell steps up at ASIC as Diplock departs
14 August 2001
Peter Kell, ASIC’s Executive Director of Consumer Protection, has been appointed ASIC’s Acting NSW Regional Commissioner…
Reforms will keep things shipshape, says APRA chief
14 August 2001
APRA’s CEO is determined there will be no more HIH’s on his shift…
APRA chief returns the fire
07 August 2001
APRA chief Graeme Thompson finally got his chance to fire back last week at the Investment and Financial Services Association conference in Brisbane…
Authority on the defensive
31 July 2001
The insurance regulators in Australia and the UK have been under the gun recently following various collapses…
NIBA asks for some FSRB clarification
24 July 2001
What exactly are “principals” and “representatives” as ASIC sees them? Since the regulator issued its two sets of policy proposal papers over the FSRB in May and June…
ATO & APRA introduce Super penalties
24 July 2001
Individual employers and companies face penalties of up to $54,000 if they fail to promptly send employees’ funds to the nominated super account…
Hockey appoints advisors for global financial centre
17 July 2001
Joan Fitzpatrick, CEO of the Australia and New Zealand Institute of Insurance and Finance, is one of 11 private sector professionals appointed to advise Financial Services…
Adler, Williams put documents on ice
10 July 2001
ASIC is expected to mount a strong case to use documents seized from two former HIH directors…
Report calls for Marine Insurance Reform
10 July 2001
The Marine Insurance Act, once described by the Attorney General’s Department as “out of step”, is under review…
Act on the fast-track
03 July 2001
The Insurance Act Amendment Bill has been introduced into Federal Parliament, with a fast-track schedule towards a commencement date of July 1 next year…
Quiet passage for vital law
03 July 2001
The deluge of insurance-related legislation pouring through Federal Parliament over the past couple of weeks also saw the previously troubled Corporations Act pass…
Tax changes protect HIH claimants
03 July 2001
Australia’s “monster” treatment of GST on claims will be amended to ensure Commonwealth payments from HIH Claims Support don’t attract additional income tax or GST…