NSW building compo review looks at insurer participation
20 April 2020
The NSW Independent Pricing and Regulatory Tribunal is seeking submissions as it considers changes to the state’s home building compensation scheme...
Regulatory & Government
Federal Court ruling will embolden AFCA: lawyer
20 April 2020
The Federal Court applied a "very narrow view of judicial power" when it rejected a superannuation fund’s appeal against a ruling made by the Australian Financial Complaints Authority, according to law firm Allens...
Bushfire inquiry won't 'point fingers' or lay blame
20 April 2020
The Royal Commission into National Natural Disaster Arrangements will not "point fingers or apportion blame to any jurisdiction, government or individual," the inquiry’s opening hearing was told on Thursday...
SIRA receives 162 coronavirus notifications
20 April 2020
The NSW State Insurance Regulatory Authority says it has been advised of 162 workers’ compensation claims or notifications related to COVID-19...
Industry gets more time to deal with complaints
20 April 2020
The Australian Financial Complaints Authority has given insurers and financial services providers extra time to resolve disputes with customers, easing the pressure brought on by the coronavirus crisis...
Paying for no service: insurance customers complaining, says ACCC chief
20 April 2020
Insurance customers have complained to the competition regulator about paying premiums for services they can no longer access due to COVID-19 restrictions...
ASIC grants an extra month for some financial reports
20 April 2020
Unlisted entities have been granted additional time to lodge their scheduled financial reports, the Australian Securities and Investments Commission says...
Roundtable backs creation of NSW resilience agency
20 April 2020
The newly created NSW Resilience agency will present "opportunities for a more co-ordinated approach" to handle future natural disasters and significant events, IAG MD and CEO Peter Harmer says...
COVID-19 disruption should not delay Hayne reforms: Finity
06 April 2020
Actuarial firm Finity has advised insurers against putting on hold the implementation of reform measures pushed forth by the Hayne royal commission during the coronavirus outbreak...
NSW sets up resilience agency for disasters
06 April 2020
NSW has established a new resilience agency to lead disaster preparedness and recovery from catastrophes affecting the state...
icare return to work rate declines, liability decisions improve
06 April 2020
NSW state insurer icare says its 26-week return to work rate saw a slight decline at the end of last year while the pace of liability decisions has improved...
Industry urges NSW to scrap ESL
06 April 2020
The NSW Government has again been urged to reconsider funding the state’s emergency services via a broad property-based levy...
Building guidelines support continuation of catastrophe repairs
06 April 2020
New guidelines set by the housing industry body will enable insurers to continue with ongoing repairs and rebuilding of insured properties, the Insurance Council of Australia says...
Pragmatism rules at ASIC over AGM changes
30 March 2020
Arrangements and management of AGMs is usually carefully monitored by government regulators, but the Australian Securities and Investments Commission says it is being "flexibly pragmatic" in light of the coronavirus crisis...
Bushfire inquiry seeks digital solution for feedback
30 March 2020
The first hearing for the bushfire royal commission, originally scheduled to take place in Canberra on Tuesday, has been delayed to minimise the risk of exposure to coronavirus...
icare says premiums to adjust to wage changes
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...
Keep your distance: SIRA allows telephone consultations
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...
AFCA sets up COVID-19 hotline, information hub
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...
NZ delays start of new financial advice regime until 2021
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...
Regulators fix their focus on COVID-19
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...