30 March 2020
NSW state insurer icare has warned that injured workers wanting to return to work may find accessing medical treatment and support is "strained" as Australia’s health system battles the COVID-19 outbreak...
30 March 2020
Consultations between injured workers and health service providers can be conducted by telephone under new rules from the NSW regulator to foster social distancing and relieve pressure on the health system...
30 March 2020
The Australian Financial Complaints Authority has set up a support hotline to ensure priority service is provided for those impacted by the COVID-19 pandemic...
30 March 2020
A new financial advice regime to be introduced in New Zealand has been postponed until next year as advisers battle volatile financial markets caused by the COVID-19 outbreak...
23 March 2020
Australia’s corporate and prudential regulators announced today they will adjust their regulatory efforts to focus on the challenges of the coronavirus pandemic...
23 March 2020
The Australian Prudential Regulation Authority questioned insurers about their pandemic business continuity plans in early February and has more recently requested an update...
23 March 2020
The Australian Financial Complaints Authority has adjusted its complaint resolution processes, saying it will tailor support and may allow firms more time to respond as they battle the fallout from the COVID-19 pandemic...
23 March 2020
The Insurance Council of Australia is concerned plans by the prudential regulator to increase the transparency of published data could lead to a "weakening of competition and greater concentration" in certain product classes...
23 March 2020
A ceremonial hearing for the bushfire royal commission will be held in Canberra on Friday next week ahead of formal hearings in April...
23 March 2020
The Insurance Council of Australia is concerned over Treasury’s proposed measures to enhance existing unfair contract terms protections for small businesses...
23 March 2020
The Insurance Council of Australia has suggested the regulator should avoid a “hard-line” enforcement approach to new product design and distribution obligations when they first come into effect...
16 March 2020
The Australian Financial Complaints Authority received 7114 complaints against general insurers in the second half of last year, while $23.9 million in compensation was paid to complainants...
16 March 2020
NSW-based property specialist Kerin Benson Lawyers says it is investigating a potential class action against the trustees of the ACT’s Master Builders Fidelity Fund Scheme...
16 March 2020
Underpayments of statutory benefit entitlements to workers by NSW state insurer icare are estimated to have totalled as much as $40 million...
16 March 2020
The Australian Prudential Regulation Authority has appointed Renee Roberts as Executive Director of its Policy and Advice Division...
16 March 2020
The Australian Securities and Investments Commission is seeking feedback on proposed reforms related to advice fee consents and independence disclosures...
09 March 2020
The industry has urged Treasury to consider amending its draft legislation for a number of general insurance-related reform measures made by the Hayne royal commission…
09 March 2020
NSW state insurer icare has pledged to make good legacy underpayment of statutory benefit entitlements and says it won’t attempt to recover overpayments…
09 March 2020
The National Insurance Brokers Association has again called on the NSW Government to scrap the Emergency Services Levy, warning the “unfair” tax is worsening the state’s under-insurance problem…
09 March 2020
The Australian Prudential Regulation Authority has redirected “significant resources” towards understanding and responding to the impact of COVID-19 on the financial system…