Victoria invests in power line safeguards
20 August 2018
The Victorian Government will provide $10 million in grants to install technology that can help stop electrical faults starting bushfires…
Regulatory & Government
NZ court rules on CBL disclosure duty
20 August 2018
New Zealand’s High Court has ruled that continuous disclosure obligations “are suspended” for companies in voluntary administration…
ICA calls for levy monitor role to be reconsidered
13 August 2018
The Insurance Council of Australia has called for the NSW Government to reconsider the continuing role of the Emergency Services Levy Insurance Monitor…
Elders pair banned after QBE uncovers crimes
13 August 2018
Two Elders Insurance brokers have been permanently banned by the Australian Securities and Investments Commission after being convicted of fraud and theft.
NSW cracks down on cladding
13 August 2018
NSW will ban the use of dangerous cladding on high-rise buildings this week, following public submissions by the state’s Commissioner for Fair Trading…
Regulatory burdens stifle innovation: ICA
13 August 2018
Increased regulatory requirements are holding back industry innovation as insurers expend more resources on compliance, the Insurance Council of Australia has warned a federal parliamentary committee…
Driverless vehicle study flags ‘profound benefits’, challenges
13 August 2018
Infrastructure Victoria has published a study on the potential economic impact of autonomous vehicles, including health, environment, land use and road use findings…
FMA ‘losing patience’ on conduct
13 August 2018
New Zealand’s Financial Markets Authority has warned the industry to improve governance practices and root out misconduct and conflicts of interest…
ASIC secures $70 million funding boost
13 August 2018
The Australian Securities and Investments Commission will receive an extra $70.1 million to help combat misconduct…
ASIC forces $250 million in H1 compo
13 August 2018
The financial services sector paid nearly $257 million in compensation and remediation to consumers and investors in the first half of this year…
NIBA seeks feedback on aviation framework
13 August 2018
The National Insurance Brokers Association wants members to provide feedback to the Government’s review of the civil aviation insurance and liability framework…
ASIC helps consult on global fintech network
13 August 2018
Financial regulators are consulting on creating a global innovation network to promote fintech collaboration and testing…
Commission repeats call for brand clarity
06 August 2018
The Productivity Commission has released its final report on competition in the financial system, including general insurance…
Maurice Blackburn plays down class action trend
06 August 2018
A leading law firm says there is no evidence of an “excessive propensity” for companies to be the target of funded shareholder class actions…
Attacks to fore as data breaches rise
06 August 2018
Malicious or criminal attacks accounted for 59% of data breaches reported in the June quarter, as notifications increased under the new transparency regime…
ICA calls for better access to data
06 August 2018
The Insurance Council of Australia is calling for greater data availability in response to the Government’s issues paper on data sharing and release legislation…
ASIC cancels NSW broker’s licence
06 August 2018
The Australian Securities and Investments Commission has cancelled the financial services licence of Faulconbridge business NSW Independent Insurance Brokers…
NSW CTP reform delivers lower premiums
06 August 2018
Driver premiums have dropped since the introduction of a new compulsory third party motor scheme in NSW last December…
Earthquake tribunal plan raises concern: ICNZ
06 August 2018
Proposed legislation for a new Canterbury Earthquakes Insurance Tribunal does not allow insurers to initiate hearings to resolve claims, while its procedural rules have also raised concerns…
Barrister attacks proportionate liability regime
06 August 2018
A legal expert has warned of extensive shortcomings in proportionate liability legislation across Australia…