19 November 2018
Policy submissions to the Hayne royal commission have shown “substantial agreement” on extending unfair contract terms to insurance and introducing disclosure reforms, Counsel Assisting, Rowena Orr, told the opening of the final round of hearings today…
19 November 2018
IAG has taken an unusual step for an insurer by warning against ACT compulsory third party (CTP) draft laws that may make it more difficult for low-income earners to have their injuries independently assessed…
19 November 2018
The start date for a new insurance accounting standard may be deferred by a year pending the outcome of a public consultation, which is expected next year…
19 November 2018
A Senate committee’s report on consumer protection in financial services has questioned the effectiveness of external dispute resolution schemes…
19 November 2018
The Federal Government has announced a $51.5 million funding boost to fight financial misconduct…
19 November 2018
The financial services industry has been warned to expect a tougher approach from corporate and prudential regulators next year…
19 November 2018
The New Zealand Government has named former governor-general Silvia Cartwright as head of a public inquiry into the Earthquake Commission, and has released her terms of reference…
19 November 2018
A discussion paper outlining the approach to integrating new accounting standards into the capital framework for insurers will be released at the end of next year…
12 November 2018
The Hayne royal commission published hundreds of submissions last week, including potentially vital responses to the “policy questions” document that followed the insurance round of hearings in September…
12 November 2018
The Australian Prudential Regulation Authority today announced the terms of reference for reviewing its enforcement strategy…
12 November 2018
A Treasury bill that would overhaul the way financial products including insurance are sold has been backed by the Senate Economics Legislation Committee…
12 November 2018
The Insurance Council of Australia has backed a Grattan Institute report urging state and territory governments to ditch insurance stamp duties and emergency services levies…
12 November 2018
Treasury is seeking feedback on the tax impacts of a new accounting standard for insurance contracts…
12 November 2018
The NSW Government is to increase the maximum jail sentence for bushfire arson from 14 years to 21 years…
05 November 2018
Malicious or criminal attacks accounted for 57% of reported data breaches in the September quarter, followed by human errors on 37%…
05 November 2018
Insurers have pressed their case for product design and distribution legislation changes at a Senate committee inquiry, and will seek more clarity from the regulators…
05 November 2018
The Australian Prudential Regulation Authority will receive $58.7 million in new funding over the next four years, and Chairman Wayne Byres has been reappointed to run the regulator for another five years…
05 November 2018
Litigation funder IMF Bentham and William Roberts Lawyers will launch a class action for property owners who have been forced to pay for the removal of combustible polyethylene-core cladding from their buildings…
05 November 2018
The Australian Prudential Regulation Authority has argued against any watering-down of the duty of disclosure in its submissions to the Hayne royal commission…
05 November 2018
The Australian Financial Complaints Authority started work, supporting independent committees that monitor compliance with industry codes of practice…