03 October 2022
The Australian Securities and Investments Commission says it’s putting the onus on financial firms to improve their performance in delivering fair and timely remediations in cases where money is owed to wronged consumers...
03 October 2022
Treasury has released for consultation its exposure draft legislation for the Consumer Data Right scheme to enable initiation action, which would create a new channel for consumers to instruct a business to initiate actions on their behalf and with their consent...
03 October 2022
The Australian Securities and Investments Commission has announced it will allow exceptions for insurers to provide notifications in instances where it creates the risk of family violence...
03 October 2022
Treasury has released a discussion paper as part of its ongoing review of the Australian Securities and Investments Commission industry funding model...
03 October 2022
The prudential regulator has finalised capital and reporting framework changes in response to the introduction of Australian Accounting Standards Board 17 Insurance Contracts, the new accounting rule that will take effect next year...
26 September 2022
The Federal Government has appointed Brendan Moon as the first Coordinator-General for the new National Emergency Management Agency...
26 September 2022
The third quarterly update on NSW state insurer icare’s improvement program has been published by independent assurer Promontory Australia...
26 September 2022
The Queensland Government has released a new five-year strategy to improve the state’s capacity to deal with natural disasters and climate change...
26 September 2022
Construction is under way on a new $8 million Fire Control and Emergency Operations Centre to improve emergency response to fire and floods in the Hawkesbury region of NSW...
19 September 2022
Treasury is seeking submissions for exposure draft Minister Rules for the Financial Accountability Regime...
19 September 2022
Primary producers affected by the February/March flood event in NSW can access up to $100,000 to restore production systems and rebuild essential infrastructure to better withstand future disasters...
19 September 2022
A $7 million recovery and resilience package aims to help Queensland’s tourism industry build back better and reduce extreme weather disruption...
19 September 2022
The Financial Markets Authority – Te Mana Tātai Hokohoko has restructured its executive leadership team as part of its program to transform the way it operates...
19 September 2022
NSW state insurer icare has partnered with the Ingham Institute and South West Sydney Local Health District to form an AT Hub...
12 September 2022
Law firm Clyde & Co has flagged three “common blind spots” for insurance industry managers as companies look to bed down a raft of new compliance requirements...
12 September 2022
Treasury has opened consultation over its exposure draft regulations for the planned compensation scheme of last resort, an industry-funded program to provide monetary redress for eligible unpaid Australian Financial Complaints Authority determinations...
12 September 2022
The Australian Prudential Regulation Authority is working on a “digital first” initiative as part of its approach to make the design of the regulatory framework “clearer, simpler and more adaptable” for insurers, banks and super funds...
12 September 2022
The Federal Government has opened a funeral expenses grants program for First Nations policyholders hit by the Youpla collapse and is continuing to consider additional assistance...
12 September 2022
The level of data available is often less of an issue in improving risk management than the ability to make connections from the volume of information, Australian Prudential Regulation Authority Chairman Wayne Byres says..
05 September 2022
The corporate regulator has called out the industry over its failure to “put customers first” after a number of insurers did not deliver pricing promises...