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Regulatory & Government

Liability is a crisis, says Coonan

23 April 2002

Public liability is still the hottest issue on the politicians’ agenda right now, with Federal Assistant Treasurer Helen Coonan slapping down commentators who criticised…

Guide shows way to a licence

16 April 2002

ASIC has released a guidance paper for holders of pre-FSR licences and insurance broker registrations that sets out the basic assessment processes…

ASIC pounces on super claims

16 April 2002

A misleading superannuation advertisement by SMC – a foreign company offering a range of financial products – has resulted in the company’s sole Australian agent…

“Twin peaks” system will be examined

26 March 2002

The so-called “twin peaks” regulatory concept of APRA and ASIC may be altered by the recommendations that will flow from the HIH Royal Commission…

More FSRA changes? Absolutely!

26 March 2002

Now that March 11 is past and the FSRA is impacting on brokers’ lives, they shouldn’t expect that the rules won’t change…

ASIC stops R&G offer

26 March 2002

ASIC has placed a final stop order on Rural & General Insurance’s Offer Information Statement, which the insurer planned to use to raise $5 million by offering shares…

Court restrains broker

19 March 2002

Unregistered broker Alejandro Bejares from Caulfield in Melbourne has been given final restraining orders from the Federal Court of Australia, stopping him from entering…

HIH prosecutions please ASIC’s top man

19 March 2002

ASIC Chairman David Knott has expressed satisfaction with the result of the NSW Supreme Court action that saw three former HIH directors found guilty of breaching…

Welcome to the FSRA!

12 March 2002

Yesterday marked the beginning of a new era in the Australian financial services industry…

APRA pushes for medical solution

05 March 2002

Nervous doctors are sweating it out over ailing insurer Australasian Medical Insurance Ltd, (United Medical Protection’s fully owned insurance company) after APRA launched…

R&G stop order still in force

05 March 2002

ASIC’s interim stop order on the Offer Information Statement lodged by Rural & General Insurance last December is still in place…

ASIC stops R&G placement

26 February 2002

ASIC has obtained an interim stop order on the offer information statement lodged by Rural & General Insurance in December…

FSRA approaches as NIBA finalises details

19 February 2002

NIBA continues to lobby the Federal Government over what CEO Noel Pettersen says are “many issues” associated with the new Financial Services Reform Act…

APRA releases new standards

12 February 2002

Six new prudential standards have been finalised by APRA to enforce higher performance requirements in the post-HIH era…