Global regulation drawing closer
02 October 2001
More countries are beginning to look seriously at the push for global uniformity in financial services regulation…
Regulatory & Government
Businesses unprepared for new privacy laws
02 October 2001
Only 19% of Australian businesses have started preparing for the changes to the privacy legislation, according to a report commissioned by the Federal Privacy Commissioner…
Tax Law passed
02 October 2001
The Tax Law Amendment Bill has now been passed in both houses of parliament with the only barrier being the wait on royal assent…
Mixed response to new super rules
02 October 2001
The Federal Government plan’s to introduce tough rules for superannuation funds has received a mixed response from the super industry…
ASIC releases new policy paper
25 September 2001
ASIC has released its tenth policy proposal paper linked to the Financial Services Reform Act…
Queensland ups workers’ comp rate
25 September 2001
Queensland has doubled its basic WorkCover premiums from $60 to $120…
A bad year for NZ’s compo system
25 September 2001
New Zealand’s Accident Compensation Corporation, nationalised last year after less than a year in private sector hands, has lost $313 million from premiums of $1.9 billion…
Revised timetable for FSR publications
18 September 2001
The new financial services reform regulations will be finalised by the Federal Treasury in the next few weeks…
Whitlam faces ASIC charges
11 September 2001
ASIC has commenced civil proceedings against former NRMA Insurance CEO Nicholas Whitlam, alleging he breached his duties as a director when he was chairman of the company…
Former broker gets three years
11 September 2001
John Andrew Hurlock, a former director of Queensland company Trojan Insurance Brokers, was sentenced last week to three years jail after pleading guilty to 12 charges…
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…
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…