SIRA seeks insurer placements for recovering injured workers
25 May 2020
The NSW State Insurance Regulatory Authority is asking insurers to get in touch if they are happy to host injured workers who are ready to begin recovering at work...
Regulatory & Government
Bushfire royal commission starts with climate change
18 May 2020
The Royal Commission into National Natural Disaster Arrangements, also known as the bushfire royal commission, will tackle climate change during its initial hearings...
ASIC maintains focus on credit insurance
18 May 2020
The Australian Securities and Investments Commission says it is continuing to investigate the suspected misconduct of "several entities" involved in the consumer credit insurance market, with a view to taking enforcement action...
Class action inquiry targets 'booming' litigation funding industry
18 May 2020
Litigation funding arrangements and financial relationships between funders and plaintiff lawyers are among the areas to be examined by a parliamentary inquiry into the class action system...
icare's active claims continue to drop
18 May 2020
NSW state-insurer icare says the number of active workers’ compensation insurance claims has continued to decline after rising last year amid a technology upgrade and an adjustment in weekly payments...
AFCA shifts online for next member forums
18 May 2020
The Australian Financial Complaints Authority will hold online forums for its members over two days later this month...
ASIC delays product design rule reforms by six months
11 May 2020
The Australian Securities and Investments Commission will delay the start of product design and distribution rules by six months following the Federal Government’s decision to defer the implementation of Hayne royal commission reforms...
NSW building inquiry targets cladding in final report
11 May 2020
A NSW Upper House inquiry into the state’s troubled building industry has made 22 recommendations in its final report, including 11 that outline how the Government should handle the flammable cladding crisis...
Bushfire inquiry hearings get underway this month
11 May 2020
The Royal Commission into National Natural Disaster Arrangements will begin two weeks of public hearings on May 25 with an "e-hearing"...
Victoria speeds up rebuilding process for bushfire properties
11 May 2020
The Victorian Government has streamlined the building application process for homeowners and businesses affected by last summer’s bushfire catastrophe and the Bunyip Complex fires in March last year...
Slavery reporting deadline extended for companies
11 May 2020
The Federal Government has given companies including insurers a three-month deadline extension for reporting on actions to address modern slavery risks, while calling for increased vigilance on the issue during the COVID-19 pandemic...
SIRA draft standard seeks fast COVID-19 responses
11 May 2020
The NSW State Insurance Regulatory Authority wants insurers working within the state’s workers’ compensation scheme to be "flexible and adaptable" in handling claims involving healthcare workers suffering from COVID-19...
Workers’ comp schemes clarify JobKeeper payment status
11 May 2020
Workers’ compensation scheme regulators in NSW, Victoria, Queensland and SA have provided clarity on the status of payments received from the $130 billion JobKeeper wage subsidy program, Willis Towers Watson says...
Bushfire inquiry receives more than 1400 submissions
04 May 2020
More than 1400 public submissions, making up over 12,000 pages, were lodged ahead of the royal commission into the handling of last summer’s devasting bushfires...
ASIC flags intention to collect COVID claims data
04 May 2020
The Australian Securities and Investments Commission has flagged its intention to collect data on insurance claims related to the coronavirus outbreak once immediate pressures subside...
Businesses seek NSW workers' comp assistance
04 May 2020
State-owned insurer icare says more than 14,600 businesses have been in touch to have workers’ compensation policies reviewed due to the coronavirus outbreak...
ICA flags caution over Consumer Data Right expansion plans
04 May 2020
A Treasury inquiry into whether a so-called "write" access might be added to the Consumer Data Right regime should only proceed if the benefits outweigh the negatives, the Insurance Council of Australia says...
SIRA consults on coronavirus-related claims
04 May 2020
The State Insurance Regulatory Authority says it is consulting on a standard of practice that will set expectations for insurers handling COVID-19 related workers’ compensation claims...
ASIC prioritises 'insurance-related misconduct'
04 May 2020
The enforcement office of the corporate regulator will prioritise "matters related to misconduct in insurance" out to 2021, the latest update from the Australian Securities and Investments Commission says...
AFCA ruling on disclosure breach a concern for industry: lawyer
27 April 2020
The Australian Financial Complaints Authority’s decision to rule in favour of a claimant who had breached his duty of disclosure “must be of concern” for insurers, according to law firm Wotton + Kearney...