ARPC creates general counsel role
19 August 2019
The Australian Reinsurance Pool Corporation has promoted Janice Nand to a new position of General Counsel on its senior executive team...
Regulatory & Government
SIRA consults on minor injury provisions
19 August 2019
The State Insurance Regulatory Authority is reviewing the “minor injury” provisions contained in the Motor Accident Injuries Act, which underpins the no-fault compulsory third party scheme launched in 2017...
New approach for NZ financial regulators
19 August 2019
The New Zealand Council of Financial Regulators is establishing a new vision to better coordinate financial system regulation and more effectively recognise the specific responsibilities of its member agencies...
Stronger codes vital, says APRA chief
12 August 2019
Stronger industry codes of practice are needed to improve financial services’ self-regulation following recent failures, Australian Prudential Regulation Authority Chairman Wayne Byres says...
‘Significant building reform’ needed to restore insurers’ confidence
12 August 2019
Insurers won’t consider offering unrestricted products in the building industry professional indemnity market until confidence in the sector is restored, Insurance Council of Australia says...
NSW simplifies dispute resolution system
12 August 2019
The NSW Government will establish a simplified dispute resolution system for injured road users and workers...
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...