20 September 2021
The Australian Prudential Regulation Authority has released a new set of frequently asked questions to clarify the regulatory capital treatment of investments in overseas deposit-taking and insurance subsidiaries...
13 September 2021
The Australian Securities and Investments Commission has released finalised guidance for breach reporting obligations after making some changes resulting from industry feedback...
13 September 2021
The Federal Court has ordered Allianz Australia and its subsidiary AWP to pay $1.5 million in penalties for mis-selling travel insurance policies through Expedia websites...
13 September 2021
The corporate regulator has provided a half-year update of its enforcement work, including about $29.6 million in civil penalties imposed by the courts as a result of actions it has taken on compliance failures...
13 September 2021
The Australian Prudential Regulation Authority’s 2021 Stakeholder Survey reveals measures brought in to address risks from COVID have been given the thumbs up by insurers and other regulated financial service entities...
13 September 2021
SIRA and icare have jointly granted $9.6 million over five years to the John Walsh Centre for Rehabilitation Research to help improve life for people living with injury-related disability...
13 September 2021
Samantha Barrass has been appointed CEO at New Zealand’s Financial Markets Authority, effective in January...
13 September 2021
The Federal Government has appointed the inaugural members of the Financial Regulator Assessment Authority, which is tasked with reviewing and reporting on Australia’s twin watchdogs...
06 September 2021
The National Insurance Brokers Association is urging insurance brokers to familiarise themselves with a paper outlining a new Climate Vulnerability Assessment underway at Australia’s largest five banks...
06 September 2021
The National Insurance Brokers Association has written to NSW Finance and Small Business Minister Damien Tudehope seeking a meeting over emergency services levy collection difficulties when placing risks with foreign insurers...
06 September 2021
NSW state insurer icare is set to start remediation payments for dust disease care program participants that have been underpaid after receiving a consultants’ report on the proposed process...
06 September 2021
Flammable cladding will start to be removed from apartment blocks early next year under the NSW Government Project Remediate project after a triage process is completed...
06 September 2021
The Reserve Bank of New Zealand has launched consultation on whether current legislation provides insurance policyholders with the protection they expect...
30 August 2021
Australian Securities and Investments Commission Chairman Joseph Longo says the regulator will remain an “active litigator against misconduct” to protect consumers from bad corporate behaviour and practices...
30 August 2021
Providing consumers with new pathways to sue for cyber breaches could increase claims costs and contribute to wider affordability issues, the Insurance Council of Australia has warned...
30 August 2021
The NSW Government says a Ministerial Advisory Panel is expected to report back early next year on options around introducing decennial liability insurance to cover new apartment building defects for up to 10 years...
30 August 2021
The National Insurance Brokers Association has welcomed a Tasmanian government consultation on fire and emergency services reforms that may end a levy on business insurance premiums...
30 August 2021
The NSW Government says it will introduce legislation covering a further eight recommendations from the McDougall review into state-owned insurer icare and workers’ compensation regulation...
30 August 2021
The Australian Prudential Regulation Authority intends to focus on insurance affordability challenges and climate risks facing the industry in the next few years...
30 August 2021
The Australian Prudential Regulation Authority has released its response paper confirming the finalisation of CPS 511, a prudential standard that is designed to strengthen remuneration practices across the insurance, banking, and superannuation industries...