15 August 2022
A review of the Australian Securities and Investments Commission industry funding model has commenced, five years after the scheme was introduced in 2017 to support the regulator’s supervision of the financial services sector, including insurance, via levies...
15 August 2022
The Victorian Government will invest $1.83 million in bushfire resilience projects across 10 regional councils as it prepares for the upcoming bushfire season...
15 August 2022
The Australian Securities and Investments Commission has suspended the financial services licence of Assurance Cover Australia until November 28 after it was found to not have the required professional indemnity insurance coverage...
08 August 2022
The Australian Prudential Regulation Authority released today its Corporate Plan for 2022/23, covering its focus areas in the four-year period to 2025/26 including for insurance...
08 August 2022
The ACT has released details of its cladding concessional loan program for eligible owners corporations and will start accepting applications later this month...
08 August 2022
The prudential regulator says there is “room for improvement” in relation to climate-related financial risks, based on the findings of its survey of a group of insurers, banks and superannuation licensees...
08 August 2022
The Queensland Government has provided an additional $20 million investment as part of the third phase of its Household Resilience Program to help ensure at-risk North Queensland residents have adequate protections against cyclones...
01 August 2022
The Australian Securities and Investments Commission has used new design and distribution obligation regulatory powers for the first time against three firms, after warning the financial services sector that a light touch enforcement period had come to an end...
01 August 2022
The NSW State Insurance Regulatory Authority has issued a letter of censure to QBE over the underpayment of 104 injured road users totalling $88,942...
01 August 2022
Australian Prudential Regulation Authority Chairman Wayne Byres will step down after eight years of leadership...
01 August 2022
A Deloitte report has revealed this year’s floods in southeast Queensland cost $7.7 billion across 23 affected local government areas...
01 August 2022
The Australian Financial Complaints Authority has appointed outgoing Australian Competition and Consumer Commission Deputy Chair Delia Rickard to its board...
01 August 2022
NSW’s State Insurance Regulatory Authority says it has finished a preliminary review into its evaluation of whether CTP insurer profits should be recouped and returned to NSW drivers...
01 August 2022
The Queensland Government has allocated more than $3 million in research grants to help prevent and treat occupational dust lung diseases...
01 August 2022
The prudential regulator is proposing a new standard to strengthen operational resilience in the insurance, banking and superannuation industries, and has launched a discussion paper seeking submissions...
25 July 2022
The Insurance Council of Australia says NSW Labor’s plan to invest $225 million in flood protection schemes in Western Sydney is a “welcome first step” towards securing adequate community resilience...
25 July 2022
Australian Financial Complaints Authority Chief Ombudsman and CEO David Locke will provide an update on major projects and initiatives underway at a two-day virtual forum this week...
25 July 2022
The Financial Markets Authority is consulting on six proposed standard conditions in preparation for a new conduct regime that is expected to commence in early 2025...
25 July 2022
Victoria has set up an arbitration service to resolve workers’ compensation disputes, commencing on September 1...
25 July 2022
The Reserve Bank of New Zealand is making “good progress” with its review of the Insurance Prudential Supervision Act, the central bank says in an update...