Regulatory & Government
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...
18 July 2022
The Australian Prudential Regulation Authority has removed the remaining $150 million additional capital penalty it imposed on Allianz Australia for lapses in risk governance...
18 July 2022
The NSW State Insurance Regulatory Authority has introduced workers’ compensation changes to reduce costly surgeon fees to market rates...
18 July 2022
The NSW Government will extend financial aid to eligible apartment owner-investors of the turbulent Mascot Towers building...
18 July 2022
Five northern NSW local government areas affected by this year’s flooding catastrophe will benefit from fast-tracked eligibility applications for home building compensation insurance...
18 July 2022
The Australian Financial Complaints Authority has announced extensions to its parental leave policy and the introduction of gender affirmation leave for its employees...
11 July 2022
NSW’s State Insurance Regulatory Authority has released a discussion paper in relation to its proposed measures to improve the home building compensation insurance scheme...
11 July 2022
The Australian Prudential Regulation Authority has opened consultation on new remuneration disclosure and reporting requirements it wants to introduce for insurers...
11 July 2022
The Australian Financial Complaints Authority has activated its significant event response plan for the NSW storms and floods...
11 July 2022
New Zealand regulator the Financial Markets Authority has promoted Acting Head of Enforcement Margot Gatland to the position permanently...
11 July 2022
The WA government has provided nearly $5 million to local governments to fund the building of fire breaks, reduction of fuel loads and hazard reduction burns during the cooler months...
04 July 2022
The Australian Prudential Regulation Authority has finalised capital adequacy standard amendments required as a result of the new government-backed cyclone reinsurance pool for northern Australia...
04 July 2022
NSW state-owned insurer icare has changed its home warranty scheme process to make purchasing the cover simpler for small builders...
04 July 2022
New Zealand’s Parliament has passed legislation for the establishment of a new conduct regime to shore up consumer protections across the insurance and banking sectors...
04 July 2022
The Queensland Government has accepted recommendations that aim to improve the performance of the state building and construction industry regulator, while also underscoring its disaster resilience role...
04 July 2022
A New Zealand Law Commission report has proposed that new class actions legislation should be developed to improve access to justice, with the review unconvinced about adverse implications for insurance...