Queensland boosts aerial fleet for high-risk fire season
17 September 2018
Queensland has more than doubled its aerial firefighting fleet as it prepares for more high-risk days after an active start to the season…
Regulatory & Government
AFCA complaints process rules clears ASIC hurdle
17 September 2018
The Australian Securities and Investments Commission has approved the Australian Financial Complaints Authority (AFCA) complaint resolution scheme rules and independent assessor terms of reference…
ASIC deadline looms for business info submission
17 September 2018
Insurers have less than two weeks to provide the Australian Securities and Investments Commission with details of their operations as part of new industry funding laws…
Help restore trust, ASIC tells brokers
10 September 2018
Insurance brokers caught up in the wider fallout of the Hayne royal commission should stop feeling sorry for themselves and help fix the problem, the Australian Securities and Investments Commission says…
Regulator weighs ‘extraordinary’ Hayne revelations
10 September 2018
A New Zealand regulator has labelled issues and behaviour highlighted at the Hayne royal commission “truly extraordinary”…
Hundreds of NSW buildings have ‘cladding risk’
10 September 2018
The NSW Cladding Taskforce has reviewed 185,000 buildings, identifying 435 as potentially high risk…
ACT launches bushfire risk rating tool
10 September 2018
The ACT Emergency Services Agency has introduced a “first of its kind” bushfire risk rating tool…
Act on exec pay to rebuild trust: APRA
10 September 2018
Australian Prudential Regulation Authority Chairman Wayne Byres has urged chief risk officers to play a greater role driving executive pay reform…
NZ quake tribunal reform a step nearer
10 September 2018
The Canterbury Earthquake Insurance Tribunal Bill has passed its first reading in the New Zealand Parliament…
ASIC four-year plan highlights rising financial scrutiny
10 September 2018
The Australian Securities and Investments Commission four-year plan says the financial sector is facing unprecedented scrutiny and the corporate world needs to rebuild trust…
ARPC outlines payment plan to Canberra
10 September 2018
The Australian Reinsurance Pool Corporation will compensate the Federal Government $55 million a year over the next four financial years for provision of the Commonwealth guarantee…
ARPC hires insurance audit head
10 September 2018
The Australian Reinsurance Pool Corporation has appointed Paulo Zazzara as Senior Manager Insurance Audit…
New minister’s past makes appointment ‘a joke’
03 September 2018
Treasurer Josh Frydenberg has given the financial services portfolio to Assistant Treasurer Stuart Robert, who is also responsible for superannuation, competition and consumer policy…
Key facts sheets may be extended: Treasury
03 September 2018
The insurance industry is questioning Federal Government plans to extend the controversial key facts sheet regime beyond home insurance policies…
Queensland tests WorkCover claims scheme
03 September 2018
WorkCover Queensland is piloting a new approach to managing workplace injury claims, under a drive to achieve better return-to-work outcomes…
ICNZ welcomes regulator’s pragmatism
03 September 2018
The Insurance Council of New Zealand has welcomed the central bank’s accommodating approach to industry concerns over insurance solvency standards and lease requirements…
APRA to widen risk supervision
03 September 2018
The Australian Prudential Regulation Authority will broaden its risk-based supervision to cover threats that could affect financial system stability…
WA motor injury scheme records profit
03 September 2018
The WA Insurance Commission’s Motor Vehicle Fund, which backs the state’s catastrophic injuries support program, recovered from a large loss to hit the black last financial year…
Frydenberg adds to ASIC team
03 September 2018
Tabcorp Group General Counsel Sean Hughes and former Equipsuper CEO Danielle Press have been appointed full-time members of the Australian Securities and Investments Commission, on five-year terms…
APRA issues reporting guidance
03 September 2018
The Australian Prudential Regulation Authority has provided general insurers with guidance for reporting large exposures on forms GRF 117.0 and GRF 117.0…