insuranceNEWS.com.au - Regulatory & Government

APRA consults on ‘refined’ reinsurance reforms

Mon, 27 Oct 2025 03:03:19 GMT

A review of reinsurance capital requirements has moved to its next phase with the release of a response paper following a consultation last November...

Building ministers back construction code pause

Mon, 27 Oct 2025 03:03:13 GMT

State and territory ministers have agreed to pause residential changes to the National Construction Code until mid-2029...

Alfred blows cyclone pool into deficit, but 2026 surplus flagged

Mon, 27 Oct 2025 03:03:03 GMT

The cyclone reinsurance pool can meet future claims obligations despite recording unexpected deficits last financial year, its administrator says...

Regulator scraps board conflict measure

Mon, 27 Oct 2025 03:02:53 GMT

The Australian Prudential Regulation Authority has provided an update on its review of governance standards for insurers and other regulated entities...

SIRA acts on ‘high-risk issues’ at Woolworths

Mon, 27 Oct 2025 03:02:14 GMT

The NSW State Insurance Regulatory Authority has imposed conditions on Woolworths’ workers’ compensation self-insurer licence...

Minister ready to negotiate on workers’ comp overhaul

Sun, 19 Oct 2025 23:38:57 GMT

The NSW government is “open to all reasonable compromises” as it tries to muster support for its workers’ compensation reforms...

New Zealand produces climate adaptation blueprint

Sun, 19 Oct 2025 23:38:46 GMT

The Insurance Council of New Zealand has welcomed the government’s National Adaptation Framework, under which a new flood map will be delivered by 2027...

Building defect powers target ‘flagrant disregard for rules’

Sun, 19 Oct 2025 23:38:45 GMT

Reforms allowing the new Victorian Building and Plumbing Commission to order serious defect repairs after a property is occupied will be a “game-changer”, the regulator’s CEO Anna Cronin says...

Directors charged over missing financial reports

Sun, 19 Oct 2025 23:38:17 GMT

Sheffield Insurance directors Phillip Bird and Daniel Holmes have been charged over alleged failures to lodge the WA brokerage’s financial accounts over a five-year period...

State seeks feedback on battery disposal crackdown

Sun, 19 Oct 2025 23:37:43 GMT

The NSW government has begun public consultation on proposed regulations for battery handling and disposal...

Second regulatory road map revealed

Sun, 19 Oct 2025 23:36:43 GMT

The federal government has released the second edition of a regulatory road map that sets out reforms and activities affecting the financial services sector over the next two years...

ASIC demands ‘meaningful improvement’ on claims

Mon, 13 Oct 2025 03:25:24 GMT

Insurers still need to improve claims handling, and serious misconduct may lead to enforcement action, the Australian Securities and Investments Commission warns...

Insurers stepping up cybersecurity: APRA

Mon, 13 Oct 2025 03:25:18 GMT

The prudential regulator says the insurers, banks and superannuation funds it oversees have made progress guarding against cyberattacks...

Cyclone pool aced Alfred test, corporation says

Mon, 13 Oct 2025 03:25:06 GMT

Cyclone Alfred was a “pivotal” test for the government-backed reinsurance pool, which responded effectively, the program’s administrator says in its annual report...

Regulator flags flaws in offshore outsourcing

Mon, 13 Oct 2025 03:24:56 GMT

The corporate watchdog has raised alarms over the offshore outsourcing practices of financial services advice licensees after a review found weaknesses that could expose consumers to harm...

Competition law expert returns to ACCC

Mon, 13 Oct 2025 03:23:55 GMT

The competition watchdog has appointed Luke Woodward to the commissioner vacancy left by Liza Carver, who departed in May...

State to stop construction in new ‘very high-risk' flood zones

Mon, 13 Oct 2025 03:23:43 GMT

Victoria will introduce new building controls and a flood hazard rating system identifying “very high-risk” areas where development must be avoided...

Builder penalised over false insurance certificate

Mon, 13 Oct 2025 03:23:25 GMT

A contractor has been fined $5000 after applying for a building permit using a home indemnity insurance certificate issued for a different property...

icare probes possible workers’ comp underpayments

Mon, 06 Oct 2025 03:21:52 GMT

NSW state insurer icare has identified about 9400 workers’ compensation claims that may have been underpaid because inflation adjustments were not included...

Worker safety reforms target psychosocial hazards

Mon, 06 Oct 2025 03:21:41 GMT

Victoria’s new workplace mental health laws will start on December 1 as the state workers’ compensation scheme battles a rise in psychological injury claims...