07 June 2021
The Reserve Bank of New Zealand calculates the final cost of its response to a cyber attack in December will be around $NZ3.5 million and says it was “over reliant” on file transfer system provider Accellion to alert it to vulnerabilities...
07 June 2021
A tax depreciation schedule can help property investors claw back thousands of dollars after natural disasters and provide some relief for many who are currently underinsured, according to BMT Tax Depreciation...
31 May 2021
Emma Curtis is to take the role of Lead Ombudsman, Insurance at the Australian Financial Complaints Authority, effective August 9...
31 May 2021
The Federal Government will finalise a response on litigation funding and class action reform proposals after completing further consultations this year...
31 May 2021
New Zealand’s Commerce Commission has extended a deadline for a decision on Aon’s merger with Willis Towers Watson until July 2...
31 May 2021
The NSW Government will host two webinar sessions next month outlining new flood-prone land planning rules and guidelines which it says will promote “safety and certainty”...
31 May 2021
The Australian Law Reform Commission is considering whether a more principles-based approach should be applied to financial services regulation in a bid to remove confusing complexity...
31 May 2021
A Victorian man has been convicted of fraudulently receiving more than $18,000 in injury compensation payments and ordered to pay back the full amount to WorkSafe Victoria...
31 May 2021
The NSW State Insurance Regulatory Authority has appointed Adam Dent as its new CEO, starting July 5...
31 May 2021
A virtual panel urges that disaster management for resilience be a core concern for leaders and says locally-led recovery from natural disasters, supported by state and federal governments, is key to improving hazard resilience within Australian communities...
24 May 2021
A Federal Treasury-led taskforce examining the design of a northern Australia reinsurance pool has called for feedback by June 18 as it works toward having the program in place by the middle of next year...
24 May 2021
About $28.7 million in total levies is set to be recovered from the general insurance industry to support the prudential supervision of the sector, according to a discussion paper from Treasury...
24 May 2021
Financial services legislation and regulatory complexity is making it difficult for people to understand their legal obligations, the Australian Law Reform Commission has warned...
24 May 2021
The Victorian Government predicts revenue from insurance taxes will increase by 7.2% to $1.6 billion in the next financial year...
24 May 2021
New Zealand is designing a social unemployment insurance scheme to enable workers who lose their job to retain about 80% of their income for a period of time...
24 May 2021
ASIC has cancelled the Australian financial services licence of Robert Starky, a financial services provider based in Stanwell Tops, NSW, after he failed to pay as directed in a ruling by the Australian Financial Complaints Authority...
24 May 2021
The WA Government has advised property owners who may be affected by the closure of Pindan Group to immediately contact their home indemnity insurance provider, QBE Insurance...
24 May 2021
New Zealand’s Financial Markets Authority promoted Liam Mason to general counsel, responsible for advising the FMA executive and board and leading the enforcement, policy and governance, corporate legal and investigations teams...
17 May 2021
The Federal Budget has allocated funding to support development of a reinsurance pool for Northern Australia as part of measures to improve cover affordability in the region and has included increased mitigation spending to boost natural disaster resilience...
17 May 2021
The National Insurance Brokers Association has reiterated that commissions should remain, ahead of a review next year into the remuneration model as recommended by the Hayne royal commission in its final report...