ICA calls for review to stretch the limits
26 June 2001
The upcoming Insurance Act needs more, much more, according to the Insurance Council…
Regulatory & Government
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…
Opposition supports FSRB
22 May 2001
Opposition Financial Services spokesman Stephen Conroy has laid aside any lingering doubts about the ALP’s support for the financial services reforms…
APRA on the fast track
22 May 2001
Meanwhile, APRA’s beleaguered CEO Graeme Thompson is pushing his staff to have the final rounds of industry consultation on proposed new prudential standards completed…
We back the bill, say insurers
22 May 2001
Just in case you were wondering… yes, the insurance industry does support the fast-tracking of the new General Insurance Act…
FSRB: Its heavy going
08 May 2001
NIBA’s Noel Pettersen warned months ago that the devil will be in the detail of the Financial Services Reform Bill…