07 March 2022
The Australian Securities and Investments Commission will step-up its enforcement of design and distribution obligations after taking a “best-efforts” approach during a transition phase.
07 March 2022
Insurers can apply to make immediate $5000 emergency payments to consumers impacted by the current catastrophic flooding in Queensland and NSW after the Australian Securities and Investments Commission issued legislative relief...
07 March 2022
The National Insurance Brokers Association has rejected a suggestion to rename personal advice as financial advice, warning such a change may have reputational implications for the sector...
07 March 2022
NSW state insurer icare says it will introduce a six-month freeze on employers moving between claim service providers while it finalises an open market tender...
28 February 2022
The Insurance Council of Australia has set out a policy platform for the forthcoming federal election that calls for increased resilience spending and the removal of external and artificial barriers to cover such as taxes and levies...
28 February 2022
The Australian Securities and Investments Commission says it has remade a class order in relation to product disclosure statement requirements where a general insurance product quote is given...
28 February 2022
Submissions have now closed in response to an Australian Law Reform Commission report from a three-year review of complexity in Commonwealth legislation and regulation of financial services...
28 February 2022
Final remediation work to address combustible building cladding in the ACT is on track to be completed late this year after completion of work on four more government buildings...
28 February 2022
WorkCover WA says its conference planned for May 25 has been postponed until later in the year because of the ongoing covid outbreak in the state...
21 February 2022
NSW workers’ compensation claims management is set for major changes next year when new service providers will commence following a tender process launched last week...
21 February 2022
A horse training company and its director who defrauded nearly $67,000 in benefit payments from WorkSafe Victoria have been ordered to return the money to the state’s workers’ compensation scheme...
21 February 2022
The Senate Economics Legislation Committee has recommended that bills relating to the Financial Accountability Regime, Financial Sector Reform, Financial Services Compensation Scheme of Last Resort Levy for provisions and collections be passed...
21 February 2022
Queensland has introduced tougher rules and regulations for e-scooters to reduce the risk of accidents in shared spaces such as footpaths and bike lanes...
21 February 2022
The Insurance Council of Australia says politicians are realising investment in natural disaster mitigation measures is required...
14 February 2022
Australians around the country who will not benefit from the Federal Government’s planned cyclone reinsurance bill should have their voices heard, Greens Senator Nick McKim said last week in referring the bill to committee scrutiny...
14 February 2022
Queensland Senator Susan McDonald has called on the state government to take action on insurance taxes as part of measures to reduce insurance costs in disaster-prone regions...
14 February 2022
The Australian Reinsurance Pool Corporation has renewed its $3.475 billion terrorism retrocession program and has bolstered its executive team as it prepares to expand its responsibilities to include cyclone risks...
14 February 2022
The Insurance Council of Australia has responded to a discussion paper by the Attorney-General Department on potential changes to the Privacy Act, outlining areas where it may have an impact on the industry...
07 February 2022
The Australian Prudential Regulation Authority has released its policy and supervision priorities for the next 12 to 18 months...
07 February 2022
Regulators should take a holistic approach to reviewing an avalanche of reforms introduced since the Hayne royal commission, while also allowing plenty of time to see how they operate in practice, the Insurance Council of Australia says...