Federal Government calls for pre-budget submissions
12 December 2022
The Federal Government has invited individuals, businesses and other groups to make submissions on ideas and priorities for the next budget...
Regulatory & Government
ASIC releases enforcement report
12 December 2022
The Australian Securities and Investments Commission has today released its latest enforcement report, summing up key actions taken from July to September...
icare home warranty fund extends Equifax partnership
05 December 2022
The NSW home warranty scheme has extended a technology partnership with Equifax Australia for two years, effective from the start of this month...
NSW appoints Emergency Management Deputy Commissioner
05 December 2022
The NSW Government has appointed Peter Thurtell to the newly created role of Police Deputy Commissioner Emergency Management...
APRA bank climate assessment points to insurance questions
05 December 2022
The Australian Prudential Regulation Authority banking climate vulnerability assessment has pointed to interconnected financial services issues, including for insurance...
Rival clears ACCC hurdle in takeover bid for iSelect
05 December 2022
The competition watchdog has approved Innovation Holdings Australia’s proposed takeover of rival comparator iSelect, after its examination of the bid concluded the deal was “unlikely” to lead to reduced competition in the sector...
Tasmania says CTP premiums 'remain the lowest'
05 December 2022
Tasmanian compulsory third party premiums remained the lowest in Australia last financial year, Infrastructure and Transport Minister Michael Ferguson has told a hearing...
'Frightened to speak up': APRA raises concerns after risk culture surveys
28 November 2022
Risk culture surveys over the past 18 months have revealed differing views on perceived risk behaviours and effectiveness of management processes, according to the Australian Prudential Regulation Authority...
NSW extends its abuse claim cover for care providers
28 November 2022
NSW has extended its indemnity program to cover providers of out of home care for physical and sexual abuse claims...
ICNZ says new bill provides 'greatly improved' natural hazards data
28 November 2022
New Zealand insurers have backed the introduction of the Local Government Official Information and Meetings Amendment Bill...
FAR bill hits snag over civil penalties measures
28 November 2022
Senate passage of the Financial Accountability Regime stalled last week after the Albanese Government decided not to press ahead with an amendment to include civil penalties of up to $1.1 million for individual executive breaches...
NTI welcomes changes to address 'ransom' tow truck costs
28 November 2022
Transport and logistics specialist NTI has praised recently implemented changes to WA tow truck legislation that provide protections to drivers from additional service costs...
ARPC names COO
28 November 2022
The Australian Reinsurance Pool Corporation has appointed Victoria Simpson as COO...
NSW Government expands bushfire education program
28 November 2022
The NSW Government has announced a $400,000 boost for its school bushfire education program to improve preparedness for future events...
AFCA apologises for general insurance complaint delays
21 November 2022
The Australian Financial Complaints Authority says its process of allocating general insurance complaints to the case management stage has been delayed by a “sudden and significant increase in insurance claims”...
ICA backs advice review proposal on conflicted remuneration
21 November 2022
The Insurance Council of Australia has supported a Quality of Advice review proposal to continue the general insurance exemption from the ban on conflicted remuneration, while consumer groups are calling for an end to commissions...
Bushfire resilience app to be rolled out nationally
21 November 2022
A Bushfire Resilience Star Rating App will be rolled out nationally next year following a recent pilot with the Shoalhaven community, which was severely affected by the Black Summer bushfires...
NZ regulator proposes approval measure for 'relevant' officers appointment
21 November 2022
The Reserve Bank of New Zealand has proposed requiring insurers to seek its approval for appointments of “relevant” officers, including CEO, director and CFO, in a consultation paper focused on improving the Insurance Prudential Supervision Act 2010...
Federal Government to launch international taskforce against cyber crime
14 November 2022
The Federal Government says it will launch a “standing operation” to investigate and disrupt the practices of cyber crime syndicates, with a focus on ransomware threat groups in the light of the Optus and Medibank data breaches...
icare board removes executive performance incentives
14 November 2022
The icare board says performance incentives will be removed from executive remuneration reward arrangements following a comprehensive review to ensure its framework is “fair competitive and transparent”...