NSW simplifies dispute resolution system
12 August 2019
The NSW Government will establish a simplified dispute resolution system for injured road users and workers...
Regulatory & Government
Regulator seeks whistleblower protection input
12 August 2019
The Australian Securities and Investments Commission is calling for submissions on its proposed guidance for companies to implement protections for whistleblowers...
APRA ‘on track’ with royal commission tasks
12 August 2019
The Australian Prudential Regulation Authority says it is on track to meet timelines on the Hayne royal commission recommendations within its mandate...
$5 million helps workers get back to work
12 August 2019
icare’s venture arm icare Foundation is awarding $5 million to eight organisations to help injured workers overcome complex barriers in returning to work...
Draft unfair contract laws ‘create too much uncertainty’
05 August 2019
The Insurance Council of Australia is concerned the draft laws to extend unfair contract terms provisions to insurance contracts will do more harm than good...
Hayne updates target transparency
05 August 2019
A House of Representatives committee inquiry into the progress financial services companies are making on Hayne royal commission reforms will increase transparency, Treasurer Josh Frydenberg says...
NSW names construction expert as Building Commissioner
05 August 2019
The NSW Government has appointed David Chandler Building Commissioner, as part of the state’s reform measures for the embattled construction industry...
Brumby offsider to head Cladding Safety Victoria
05 August 2019
Dan O’Brien, once chief of staff to former Victorian premier John Brumby, has been appointed CEO of Cladding Safety Victoria as the state undertakes a $600 million program of rectification works on hundreds of buildings...
Finserv ombudsman is AFCA’s new deputy chief
05 August 2019
The Australian Financial Complaints Authority has promoted Dr June Smith to deputy Chief Ombudsman. She was previously Lead Ombudsman Superannuation, Advice, Investments and Life Insurance...
Industry confidence in APRA still high
05 August 2019
Industry confidence in the Australian Prudential Regulatory Authority remains high, according to its most recent stakeholder survey...
NIBA sees way ahead in design and distribution rules issue
29 July 2019
The National Insurance Brokers Association says a meeting with Treasury last week has opened the way for developing an approach to new product design and distribution rules that will work for the insurance sector...
Parliamentary grilling on cards for insurance chiefs
29 July 2019
A parliamentary committee that questions the CEOs of Australia’s big four banks annually is expected to have its mandate extended to include insurance industry executives...
APRA takes aim at financial incentives
29 July 2019
The Australian Prudential Regulation Authority plans to limit the focus on financial performance benchmarks in corporate incentive packages as it seeks to elevate the importance of culture and customer outcomes...
Insurers want action over CTP ‘claims farmers’
29 July 2019
Insurers involved with Queensland’s compulsory third party scheme have again pushed for deeper reforms to fix the widespread problem of “claim farming” plaguing the system...
icare offers $3 million to prevent construction injuries
29 July 2019
The icare Foundation has established a $3 million pool to fund ideas to prevent injuries in the construction industry...
NZ regulator sets out priorities for life insurance
29 July 2019
New Zealand’s Financial Markets Authority has set out seven areas of concern it wants to address in the life sector over the next financial year...
ASIC weighs wider clampdown on cold calling
22 July 2019
The Australian Securities and Investments Commission is seeking feedback on whether its proposed ban on unsolicited phone sales for consumer credit insurance and life insurance should apply more widely...
Insurance ‘loyalty tax’ rises to 34%, says Fels
22 July 2019
NSW Emergency Services Levy Insurance Monitor Allan Fels says recent research shows that, on average, customers renewing their insurance policy pay 34% more than new customers...
APRA challenged over ‘culture of conformity’
22 July 2019
The Australian Prudential Regulation Authority has been told to end its “culture of conformity” and tackle risks including cultural issues and cyber threats, and to restructure to create insurance, banking and superannuation divisions...
SA government probes motor insurance sector
22 July 2019
The SA Parliament has launched an inquiry into the state motor insurance and car repair industry...