NT reviews WorkSafe practices
16 July 2018
The NT Government has begun a six-month review of workplace regulator WorkSafe…
Regulatory & Government
Indigenous customers ‘being fleeced by funeral insurers’
09 July 2018
Some indigenous customers of funeral insurers have been paying for up to five insurance policies for their families, according to the indigenous representative body National Congress…
NSW injury tribunal plan worries icare
09 July 2018
NSW Government-owned Insurance & Care has expressed concerns over a parliamentary committee’s suggestion to set up a personal injury tribunal to oversee disputes in compulsory third party and workers’ compensation…
Brokers warned to take care with ‘independent’ wording
09 July 2018
Brokers have been urged to be careful about using the word “independent” after the Australian Securities and Investments Commission rebuked four financial advice firms for misleading consumers…
Asbestos health fallout inflicts huge economic toll
09 July 2018
Asbestos-related diseases continue to impose a “substantial burden” on the economy, the Asbestos Safety and Eradication Agency says in an executive summary report…
Commission submits competition report to Government
09 July 2018
The Productivity Commission has handed its final report on competition in the financial system to the Federal Government, with add-on insurance, lenders’ mortgage cover and state-based taxes expected to feature…
Guide advises on bushfire ember attacks
09 July 2018
The Victorian Building Authority has published a guide on how to retrofit public buildings to guard against bushfire ember attack…
NZ central bank consults on solvency standards
09 July 2018
The Reserve Bank of New Zealand is seeking feedback on proposed changes to the insurance solvency standards for a new class of assets and liabilities that have arisen from a new accounting standard for lease contracts…
ICA challenges unfair contract terms plan
02 July 2018
The Insurance Council of Australia says a proposed model for extending unfair contract terms to the sector would have a major impact on premiums and the scope of cover offered…
Royal commission delays Suncorp, Youi evidence
02 July 2018
The Hayne royal commission has delayed an examination of Suncorp and Youi’s response to natural disasters until September, when it expects to consider a range of general and life insurance issues.
Ex-broker guilty of taking clients’ money
02 July 2018
Former Perth broker Sergio Amaranti has pleaded guilty to seven charges of dishonest conduct and will face a sentence hearing next month in the WA District Court…
Tasmania makes progress on post-flood reforms
02 July 2018
The Tasmanian Government has met five of 24 recommendations arising from a report following devastating floods two years ago, including applying state planning codes to flood-prone areas…
Medical panel speeds icare treatment access
02 July 2018
Insurance & Care NSW’s medical support panel has reduced waiting periods for injured workers needing treatment approval…
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…
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…