25 February 2019
The Australian Prudential Regulation Authority’s primary focus will remain the overall safety and stability of the financial system, despite the extra responsibilities the Hayne royal commission has recommended, Chairman Wayne Byres says…
25 February 2019
The Australian Securities and Investments Commission has welcomed stronger whistleblower laws allowing it to better investigate and prosecute misconduct…
25 February 2019
The prudential regulator has welcomed a report by the International Monetary Fund backing its handling of the financial system…
18 February 2019
The Australian Competition and Consumer Commission has been warned its inquiry into the market power of Facebook and Google could harm the insurance industry…
18 February 2019
New legislation will significantly increase criminal and civil penalties for corporate and financial sector misconduct…
18 February 2019
The New Zealand Earthquake Commission’s cap for residential building cover will increase from $NZ100,000 to $NZ150,000 later this year…
18 February 2019
Australia has gained the top score for regulations supportive of autonomous vehicles, but ranks 15th overall on a global KPMG readiness index…
18 February 2019
The Insurance Council of New Zealand has again called for more funding of mitigation measures as climate change increasingly produces erratic and extreme weather events…
11 February 2019
Building ministers at federal and state levels have agreed in principle to ban “unsafe” combustible cladding materials in new construction projects…
11 February 2019
The Insurance Council of Australia has urged Queensland to work within a national program to streamline privacy and surveillance legislation…
11 February 2019
A review of the Australian Prudential Regulation Authority’s capability will start next month and report to the Government by June 30…
11 February 2019
The Australian Financial Complaints Authority has appointed a Lead Ombudsman for Small Business…
11 February 2019
A new accounting standard for insurance contracts poses “numerous issues with interpretation”, the Insurance Council of Australia says…
04 February 2019
The Insurance Council of Australia is in talks with NSW Treasury over a surge in the emergency services levy over the next two years…
04 February 2019
The Federal Government will consult on “complex issues” raised in an Australian Law Reform Commission report proposing changes to the class action regime…
04 February 2019
The general insurance industry has until the end of this month to respond to a Treasury discussion document on improving disclosure in general insurance…
04 February 2019
A new enforcement unit has been proposed as a way of improving the Australian Securities and Investments Commission’s policing of white-collar crime and misconduct…
04 February 2019
Marine contracts should be included in Canberra’s plans to extend unfair contract terms protection legislation to the sector, the Insurance Council of Australia says…
04 February 2019
The NSW State Insurance Regulatory Authority says introducing minimum national benchmarks could help provide consistency in covering accidents involving driverless cars…
04 February 2019
The national terrorism insurance scheme administrator has renewed its retrocessional reinsurance program for this year…