insuranceNEWS.com.au - Regulatory & Government

Mutual interest on the rise, inquiry told

Mon, 11 May 2026 04:50:46 GMT

Interest in mutual risk protection arrangements has increased as organisations look to address market failures, a federal parliamentary inquiry was told last week...

Government releases updated regulatory grid

Mon, 11 May 2026 04:29:45 GMT

A federal regulatory road map update shows seven initiatives related specifically to insurance and reinsurance, while the sector will be affected by 24 activities overall...

‘Consumer win’ as court finds Telstra Super failed on IDR

Mon, 11 May 2026 04:16:23 GMT

Telstra Super breached procedures for managing customer complaints, the Federal Court has ruled after the corporate regulator launched civil penalty proceedings...

Latest money laundering reforms tipped to spark claims

Mon, 11 May 2026 04:16:11 GMT

Expanding anti-money laundering and counter-terrorism financing reforms to a broader range of businesses could have substantial indirect consequences for insurers, a law firm has warned...

Inquiry considers ESL replacement models

Mon, 04 May 2026 05:28:41 GMT

The NSW government has established a framework for replacing the emergency services levy with an alternative based on land values but does not have a preferred model among five options, a discussion paper says...

Judgment reserved in ASIC case against IAG

Mon, 04 May 2026 05:25:41 GMT

Federal Court hearings have concluded in the Australian Securities and Investments Commission case against IAG over home insurance loyalty discounts...

Cyclone pool coverage reaches 3.2 million sites

Mon, 04 May 2026 04:36:55 GMT

The latest cyclone reinsurance pool data shows about 3.2 million properties with an aggregate exposure of more than $2.4 trillion were covered at December 31...

NSW committee calls for reforms after CTP review

Mon, 04 May 2026 04:36:39 GMT

The latest NSW compulsory third party scheme review has recommended trauma training for all claims managers and a requirement for insurers to make clear how people can participate in decision reviews...

State consults on overhaul of injured workers’ rights

Mon, 04 May 2026 04:36:31 GMT

Victorians can provide feedback on a new draft code of claimants’ rights under the state workers’ compensation scheme...

Supervisors weigh approaches to fair value

Mon, 04 May 2026 04:36:21 GMT

The International Association of Insurance Supervisors is seeking feedback on a draft issues paper about consumer value for money...

Canberra urged to back councils on ‘front line’ of flood fight

Mon, 27 Apr 2026 04:41:22 GMT

The Insurance Council of Australia has pressed for more federal funding to help local governments with flood resilience work...

Staffer charged over alleged data theft at NSW Treasury

Mon, 27 Apr 2026 04:10:12 GMT

Police have charged a NSW Treasury staff member with stealing sensitive documents following an investigation into an alleged data breach at the department...

ASIC warns four finfluencers amid crackdown on ‘so-called experts’

Mon, 27 Apr 2026 04:10:02 GMT

The corporate regulator has issued warning notices to four social media “finfluencers” regarding unlicensed financial advice and misleading and deceptive conduct...

SIRA seeks feedback on workers’ comp reforms

Mon, 27 Apr 2026 04:09:43 GMT

Consultation has opened on draft changes to the NSW workers’ compensation scheme after state parliament passed the government’s reforms in February...

State taskforce to co-ordinate bushfire mitigation

Mon, 27 Apr 2026 04:09:31 GMT

The NSW government has established a multiagency taskforce to enhance bushfire hazard reduction efforts...

Court hears regulator’s case against IAG

Mon, 20 Apr 2026 04:59:33 GMT

The Federal Court is this week hearing evidence in the Australian Securities and Investments Commission case against IAG over home insurance loyalty discounts...

Industry adds voice to red tape cuts call, as costs climb

Mon, 20 Apr 2026 04:59:27 GMT

The Insurance Council of Australia has backed a coalition of industry groups in calling on governments to eliminate unnecessary regulations, to ease rising costs amid the US-Iran conflict...

Collapsed insurer CBL settles over float

Mon, 20 Apr 2026 04:59:17 GMT

New Zealand’s financial conduct regulator says it has reached a “full and final settlement” with CBL Corporation after taking action related to its initial public offering...

NZ central bank consults on prudential changes

Mon, 20 Apr 2026 04:58:42 GMT

The Reserve Bank of New Zealand has released a consultation paper on proposed changes to insurance prudential legislation...

NT flags first projects under $100m flood recovery

Mon, 20 Apr 2026 04:58:25 GMT

The NT government has committed $12.5 million to flood mitigation and infrastructure upgrades under the first phase of a $100 million recovery fund following recent extreme weather...