APRA calls for industry leadership on compliance
15 April 2019
The Australian Prudential Regulation Authority has called on the general insurance industry to show “greater leadership” in responding to consumer concerns…
Regulatory & Government
ASIC lays fewer charges
15 April 2019
The number of charges laid in criminal cases brought by the Australian Securities and Investments Commissions plunged in the second half of last year…
Comcare names new CEO
15 April 2019
The Federal Government has appointed Sue Weston as Comcare CEO for a five-year term…
WA workers’ comp rates increase 3.7%
15 April 2019
WA workers’ compensation premiums are set to increase 3.7% on average next financial year…
ICA to meet ASIC over product law fears
08 April 2019
The Insurance Council of Australia will voice its concerns over new product design and distribution laws to the Australian Securities and Investments Commission…
Industry attacks ‘short-sighted’ budget over mitigation spend
08 April 2019
The Morrison Government’s budget has left the industry fuming at a lack of new mitigation spending, despite repeated pleas for investment in disaster-prone areas…
Frydenberg acts to mandate AFCA co-operation
08 April 2019
Businesses failing to co-operate with the Australian Financial Complaints Authority may face civil penalties under regulatory changes made by the Federal Government…
Four charged over alleged CTP fraud ring
08 April 2019
Investigations into an alleged NSW compulsory third party fraud syndicate continue, with four more people arrested and charged…
ASIC, UK regulator agree on post-Brexit ties
08 April 2019
The Australian Securities and Investments Commission and its UK counterpart have agreed on ways to support post-Brexit bilateral co-operation…
Consumer data right draft rules published
08 April 2019
The Australian Competition and Consumer Commission is seeking company feedback on consumer data right draft rules published last week…
ACC cuts levies, centralises admin
08 April 2019
New Zealand’s Accident Compensation Corporation has cut levies paid by businesses by an average of 6.9% from this month, as it also streamlines handling of simple injury claims…
icare hails JB Hi-Fi safety program
08 April 2019
JB Hi-Fi has won an icare Aware award for workplace safety initiatives implemented across its NSW retail network…
Consumers in dark on types of advice
01 April 2019
An Australian Securities and Investments Commission report on consumer confusion around the difference between general and personal advice has highlighted the need for reform…
ICA content with ASIC levy calculations
01 April 2019
The Insurance Council of Australia has “no issue” with Australian Securities and Investments Commission estimated sector levies published under its new industry funding regime…
Insurers join sustainable finance group
01 April 2019
Senior executives from insurance companies, banks and other organisations have joined a new sustainable finance group to plan for climate change risks and other social and environmental issues…
Roma flood defences reach next level
01 April 2019
Roma in southwest Queensland officially opened the second phase of its flood mitigation scheme last week…
APRA consults on guide to cyber defences
01 April 2019
The Australian Prudential Regulation Authority is accelerating implementation of a new information security standard amid a growing threat to the financial sector…
ICA warns on coverage under child abuse compo reform
01 April 2019
Childcare organisations already regarded as high underwriting risks face a rising premium burden under reforms to improve access to compensation for sexual abuse survivors, the Insurance Council of Australia says…
ACT calls for feedback on bushfire plan
01 April 2019
The ACT is seeking stakeholder and public input on its Strategic Bushfire Management Plan, which is reviewed every five years…
ACC plugs into tech platform
01 April 2019
New Zealand’s Accident Compensation Corporation is partnering with an innovation platform to access global insurtechs that can help improve its services…