Hayne turns to regional insurance issues
04 June 2018
Regional communities’ issues with natural disaster insurance will be a focus of the Hayne royal commission’s fourth round of hearings, starting later this month…
Regulatory & Government
NZ regulators leave door open for Hayne-style inquiry
04 June 2018
New Zealand has not ruled out holding an inquiry similar to Australia’s Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Sector…
Victoria steps up cladding audit
04 June 2018
The Victorian Building Authority has written to builders and property developers enquiring about the type of cladding they intend to use on buildings under construction…
Queensland to create regional disaster plans
04 June 2018
Queensland has unveiled a strategy to increase disaster resilience at a regional level through improved planning and co-ordination involving governments, business and the community…
NTC to establish telematics policy
04 June 2018
The National Transport Commission will create a best-practice model for regulatory telematics in heavy vehicles…
Byres urges change to exec pay metrics
04 June 2018
Wayne Byres wants the financial services sector to rely less on “narrow and mechanical shareholder” metrics to decide senior executives’ remuneration.
Bank fines fund new financial literacy body
04 June 2018
The Federal Government is to establish a new financial literacy body…
APRA to add second deputy chairman
04 June 2018
The Federal Government has announced the reappointment of Australian Prudential Regulation Authority (APRA) Deputy Chairman Helen Rowell, and the nomination of current Treasury Deputy Secretary John Lonsdale as an additional deputy chairman…
Industry given disclosure relief in AFCA transition
04 June 2018
Financial businesses have until July next year to update their mandatory disclosure documents and periodic statements with the Australian Financial Complaints Authority’s contact details…
ASIC seeks flexible product intervention powers
28 May 2018
A “broad, flexible” approach is the Australian Securities and Investments Commission’s preference if it is granted product intervention powers…
NZ outlines insurance contract law review
28 May 2018
The New Zealand Government says regulation of insurer conduct will be considered in its review of the industry’s contract law…
Palaszczuk holds $38 million for disaster resilience
28 May 2018
Queensland has committed $38 million to strengthen natural disaster resilience, earning praise from insurers and brokers…
Senators demand ‘whole-of-government’ action on climate security
28 May 2018
A Senate committee has pushed for a more integrated approach to tackling climate change and its wide-ranging threats to national security…
VMIA will review sex abuse compo
28 May 2018
The Victorian Managed Insurance Authority will review a policy stance that would deny cover for redress payments made to victims of institutional child sexual abuse under a new national program…
Queensland cladding report flags government buildings
28 May 2018
A cladding taskforce in Queensland says 71 state government buildings may feature combustible material and must be investigated further…
SIRA opens door to premium rate cap exemption
28 May 2018
Employers can now be exempted from a 30% cap on workers’ compensation premium rate rises in exceptional circumstances, following a revision of NSW guidelines…
ASIC fees-for-service legislation introduced
28 May 2018
The Federal Government has introduced legislation into Parliament to finalise industry funding of the Australian Securities and Investments Commission…
icare invites funding pitches for return-to-work ideas
28 May 2018
Innovators with fresh ideas for helping people return to work are invited to apply for funding under a $5 million investment program launched by the Insurance & Care NSW Foundation…
Standards body backs terror risk mitigation guide
28 May 2018
Standards Australia has approved the Australian Reinsurance Pool Corporation’s risk mitigation handbook…
Industry ‘to blame for trust deficit’
21 May 2018
The corporate regulator has told the financial services industry it is responsible for the “trust deficit” it faces…