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Regulatory & Government

Bushfire research group hopeful of new funding

09 March 2020

The Bushfire and Natural Hazards Co-operative Research Centre is hopeful efforts to secure a new round of finance will be successful and ensure its future when the terms of its current funding end in June 2021…

Insurance fraudsters face court

09 March 2020

Twelve motorists have been prosecuted in WA for providing false and misleading information in relation to motor-injury insurance claims…

icare sets out performance actions

09 March 2020

NSW state insurer icare says it is taking action to provide earlier premium notices and to prevent inaccuracies as it pursues performance improvements following recommendations from the State Insurance Regulatory Authority and a customer advocate report…

ASIC ramps up oversight for fire-affected Australians

02 March 2020

The Australian Securities and Investments Commission has pledged to use its regulatory powers to provide interim protection for Australians affected by the recent bushfires as it waits for claims-handling reforms that are due in 13 months...

APRA set to publish climate change guidance

02 March 2020

The Australian Prudential Regulation Authority plans to publish climate change financial risk guidance by the end of the year and has called on firms to provide “market-useful” information on how they are managing the risks...

NSW builders' comp review targets insurers

02 March 2020

A special review of the NSW Home Building Compensation Fund has included in its final terms of reference an investigation into insurers' participation in the loss-making scheme...

icare flags 'fee for outcome' system

24 February 2020

NSW state insurer icare wants to introduce a "fee for outcome" system that would remunerate service-providers on the rehabilitation or return to work outcomes of injured workers...

Insurers wary of changes to corporate criminal responsibility

24 February 2020

Proposed changes to the corporate criminal responsibility regime could "add complexity to individual liability" in areas where the Banking Executive Accountability Regime applies, the Insurance Council of Australia has warned in a submission...