05 March 2018
The Australian Securities and Investments Commission has released an updated draft regulatory guide on oversight of the Australian Financial Complaints Authority, the new government-appointed disputes resolution body…
05 March 2018
The Financial Ombudsman Service received about 13,200 general insurance disputes last financial year, up from 10,588 the previous year…
05 March 2018
Australian Securities and Investments Commission Chairman James Shipton says the recent action on add-on insurance sold through car yards illustrates the preferred approach to competition problems…
05 March 2018
Credit reporting rules due to take effect in July will help lenders’ mortgage insurers price risk and facilitate home ownership, the Insurance Council of Australia says…
05 March 2018
About $94.4 million was paid to investors and consumers in compensation and remediation as part of Australian Securities and Investments Commission enforcement activities in the six months to December 31…
05 March 2018
The NSW State Insurance Regulatory Authority has revised market practice and premium guidelines for the state’s workers’ compensation scheme, to “reduce volatility” and “make the system fairer” for businesses…
05 March 2018
New Zealand’s Financial Markets Authority (FMA) has filed criminal charges against a company and its director for breaching registration rules…
05 March 2018
Former assistant treasurer Helen Coonan has been named chairman of the Australian Financial Complaints Authority…
05 March 2018
The royal commission on financial services has appointed Michael Hodge and Albert Dinelli as counsels assisting…
26 February 2018
Earthquake Commission Chairman Maarten Wevers has resigned after the New Zealand Government stepped in over 2600 unresolved Canterbury quake claims…
26 February 2018
The Australian Reinsurance Pool Corporation has set its retrocession program for this year at $3.065 billion, up from $3 billion last year…
26 February 2018
Data breaches must be reported by companies with at least $3 million in annual turnover under new regulations that took effect last Thursday…
26 February 2018
The Australian Competition and Consumer Commission will enhance its focus on financial services this year following the Productivity Commission’s draft report on the sector…
26 February 2018
New Zealand’s Financial Markets Authority has begun taking applications for permission to offer robo-advice through digital tools and platforms…
26 February 2018
The Insurance Commission of WA says higher than expected costs of care are to blame for an underwriting loss in its Motor Vehicle Fund, which backs the state’s Catastrophic Injuries Support program…
19 February 2018
Australian Securities and Investments Commission Chairman James Shipton has highlighted the importance of the regulator’s work on misconduct issues, in his first appearance before the Parliamentary Joint Committee on Corporations and Financial Services…
19 February 2018
New data security laws come into effect on Thursday, making it mandatory for companies with an annual turnover of at least $3 million to report breaches to affected individuals…
19 February 2018
Product design and distribution draft legislation is poorly designed for insurance and may disadvantage consumers and brokers, according to industry submissions…
19 February 2018
Brokers have had the compensation cap for disputes raised from $174,000 to $250,000 by the new Australian Financial Complaints Authority…
19 February 2018
The WA Government has approved a draft bill to modernise its workers’ compensation legislation…