ASIC secures $70 million funding boost
13 August 2018
The Australian Securities and Investments Commission will receive an extra $70.1 million to help combat misconduct…
Regulatory & Government
ASIC forces $250 million in H1 compo
13 August 2018
The financial services sector paid nearly $257 million in compensation and remediation to consumers and investors in the first half of this year…
NIBA seeks feedback on aviation framework
13 August 2018
The National Insurance Brokers Association wants members to provide feedback to the Government’s review of the civil aviation insurance and liability framework…
ASIC helps consult on global fintech network
13 August 2018
Financial regulators are consulting on creating a global innovation network to promote fintech collaboration and testing…
Commission repeats call for brand clarity
06 August 2018
The Productivity Commission has released its final report on competition in the financial system, including general insurance…
Maurice Blackburn plays down class action trend
06 August 2018
A leading law firm says there is no evidence of an “excessive propensity” for companies to be the target of funded shareholder class actions…
Attacks to fore as data breaches rise
06 August 2018
Malicious or criminal attacks accounted for 59% of data breaches reported in the June quarter, as notifications increased under the new transparency regime…
ICA calls for better access to data
06 August 2018
The Insurance Council of Australia is calling for greater data availability in response to the Government’s issues paper on data sharing and release legislation…
ASIC cancels NSW broker’s licence
06 August 2018
The Australian Securities and Investments Commission has cancelled the financial services licence of Faulconbridge business NSW Independent Insurance Brokers…
NSW CTP reform delivers lower premiums
06 August 2018
Driver premiums have dropped since the introduction of a new compulsory third party motor scheme in NSW last December…
Earthquake tribunal plan raises concern: ICNZ
06 August 2018
Proposed legislation for a new Canterbury Earthquakes Insurance Tribunal does not allow insurers to initiate hearings to resolve claims, while its procedural rules have also raised concerns…
Barrister attacks proportionate liability regime
06 August 2018
A legal expert has warned of extensive shortcomings in proportionate liability legislation across Australia…
icare trials co-ordinated care plans
06 August 2018
Insurance and Care NSW is running a six-month pilot program of holistic treatment plans for injured workers…
ICWA hands out research grants
06 August 2018
The Insurance Commission of WA has awarded grants to two neurotrauma projects as part of its commitment to support studies that improve injury rehabilitation…
Auditor-General criticises Vic council mutuals
30 July 2018
Victorian Auditor-General Andrew Greaves has targeted local councils’ use of mutual insurance schemes in a report criticising their lack of tendering…
QBE, IAG question driverless car framework
30 July 2018
Insurers have urged the National Transport Commission to further consider the impact its preferred safety system for driverless vehicles will have on the industry…
Queensland cracks down on CTP ‘claim farmers’
30 July 2018
Suncorp and RACQ Insurance have called on the Queensland Government to pursue wider compulsory third party reforms, after the state’s Treasurer announced legislative changes are planned to stop “claim farming”…
Nagle takes top job at icare
30 July 2018
John Nagle has been confirmed as the CEO of Insurance & Care NSW following an international search. He was formerly appointed Interim CEO…
ASIC chief demands fast action on ‘trust’ issue
30 July 2018
Financial service providers, including insurers, have been urged to back up words with action to address the consumer trust deficit…
Inspector attacks Victorian cladding reform
30 July 2018
A building inspector has criticised Victorian Government changes to the Local Government Act that shift the burden for removing dangerous cladding on to residents…