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…
Regulatory & Government
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…
ICA calls for review to stretch the limits
26 June 2001
The upcoming Insurance Act needs more, much more, according to the Insurance Council…
New ASIC commissioner for WA
26 June 2001
Michael Gething has been appointed to a three-year term as ASIC’s WA Regional Commissioner…
ASIC charges three GIO officers
26 June 2001
The corporate cop has announced civil proceedings against three former officers of GIO Insurance, with ASIC Chairman David Knott accusing them of breaching their duties…
State monopolies will be examined
19 June 2001
In the face of harsh criticism, Australia’s general insurers are taking consolation from one aspect of the HIH collapse: statutory insurance schemes run by the states…
Opposition mounts to united leadership
19 June 2001
Could Victoria try to subsidise its ailing workers’ compensation system by joining it with the highly profitable Transport Accident Commission and running them as one…
Vic freezes small business premiums
19 June 2001
Premiums for most Victorian small businesses have been frozen for the 2001/02 year…
Insurers will pay more for regulators
19 June 2001
Financial services providers – including life and general insurers – will pay nearly $68 million in levies to keep the regulators running in 2001/02…
Journos resist FSRB “adviser” requirements
19 June 2001
The Financial Services Reform Bill casts a very wide shadow – now it’s even catching up with journalists…
Hockey answers question
19 June 2001
Financial Services and Regulation Minister Joe Hockey has commented on confusion surrounding a recent Business Review Weekly article, in which he was quoted criticising…
Actuaries honour teacher
13 June 2001
John Pollard, the Professor of Actuarial Studies at Macquarie University, has become only the third person to be awarded the Institute of Actuaries in Australia’s silver medal…
HIH commissioner name due
13 June 2001
The Federal Government has settled on a person to head up the impending royal commission into the HIH collapse, and will probably name him within days…
Rising premiums lead to government inquiry
13 June 2001
The insurance industry is under scrutiny as never before, thanks to the HIH collapse…
Insurance will rally round for VWC
13 June 2001
The ICA will work with the Victorian Work Cover Authority and the state government to improve the efficiency of the Work Cover scheme…
Second lot of FSRB proposals arrive
13 June 2001
Lawyers and various other experts are poring over the latest package of policy proposal papers related to the Financial Services Reform Bill…
FSRB risks election-year gutting
29 May 2001
The passage of the Financial Services Reform Bill through Parliament may be in trouble…
Workers’ comp reforms launched
29 May 2001
New workers’ compensation arrangements begin their legislative passage in the NSW Parliament today…