Parliament passes ASIC funding legislation
02 July 2018
The Australian Securities and Investments Commission’s fees-for-service funding scheme began on Saturday after Parliament passed the bill last week…
Regulatory & Government
New WA workers’ comp regime kicks in
02 July 2018
New WorkCover WA legislation to improve the compensation scheme for family members of workers killed at work came into effect this month…
Victorian law review backs litigation funder regulation
25 June 2018
The Victorian Law Reform Commission has urged the State Government to push for stronger national regulation and supervision of the class action funding industry…
ASIC steps up climate risk focus
25 June 2018
The Australian Securities and Investments Commission is working to address climate risk within the context of corporate governance…
Regulator signs up for stronger cross-border enforcement
25 June 2018
The Australian Securities and Investments Commission has strengthened its ties with overseas regulators as cross-border co-operation becomes more important in protecting market integrity…
ASIC wants AFCA to report mis-selling
25 June 2018
The Australian Financial Complaints Authority should report insurers to the regulator if they engage in unconscionable conduct to sell cover that is not needed or could not be claimed on, a guidance note for the new scheme says…
SIRA advised to improve information-sharing
25 June 2018
A report commissioned by the NSW State Insurance Regulatory Authority has recommended the body improve injured workers’ access to information…
Barrister selected for ASIC deputy role
25 June 2018
Barrister Daniel Crennan has been appointed Deputy Chairman of the Australian Securities and Investments Commission. He starts his five-year term next month…
Suncorp, Youi fall under royal commission spotlight
18 June 2018
Natural disaster insurance case studies involving Suncorp and Youi will be examined at the Hayne royal commission’s next round of hearings…
Directors back litigation funder licensing
18 June 2018
The Australian Institute of Company Directors has backed a proposal to license litigation funders under an overhaul of the class action framework…
AFCA appoints Chief Ombudsman
18 June 2018
The Australian Financial Complaints Authority has announced the appointment of David Locke as Chief Ombudsman and CEO…
NSW to fund automated vehicle tests
18 June 2018
The NSW budget, to be announced tomorrow by State Treasurer Dominic Perrottet, has set aside $10 million to expand driverless vehicle trials, with the transport department to distribute the funds over four years through its Smart Innovation Centre…
ICA calls for clarity on information security standard
18 June 2018
The Insurance Council of Australia has outlined ways to improve CPS 234, a new prudential standard aimed at strengthening cyber resilience…
WA passes workers’ comp payout reform
18 June 2018
The WA Government has passed legislation to increase compensation for family members of people killed at work…
icare service overhaul ‘lifts customer satisfaction’
18 June 2018
Insurance & Care NSW says customer satisfaction levels have jumped since it overhauled workers’ compensation systems that failed to meet expectations…
Brisbane unveils $12 million flood resilience plan
12 June 2018
Brisbane City Council has announced an industry-backed $12 million flood mitigation program…
ICA attacks industry funding consultation
12 June 2018
The Insurance Council of Australia has criticised the “poor process” used in a consultation on proposed financial institution supervisory levies for next financial year…
ACT allocates cash for new CTP scheme
12 June 2018
The ACT Government will spend $3.4 million next financial year implementing a new compulsory third party insurance scheme…
Victoria widens TAC benefits for cyclists
12 June 2018
New legislation in Victoria will allow cyclists to access Transport Accident Commission benefits if they are injured in crashes with stationary vehicles at any time…
AFCA consults on complaints process rules
12 June 2018
The Australian Financial Complaints Authority is seeking feedback on proposed rules covering its jurisdiction and complaints resolution process…