05 September 2022
Submissions on the Quality of Advice review are due in less than three weeks as the inquiry continues its work by looking at whether the insurance exemption to the ban on conflicted remuneration remains justified...
05 September 2022
The Federal Government has released draft regulations to reinstate a financial services licensing exemption for litigation funders...
05 September 2022
WorkSafe Victoria says its investigations have stopped nearly $37 million of Victoria's workers’ compensation scheme funds from falling into the hands of fraudulent claimants in the past four years...
05 September 2022
The Reserve Bank of New Zealand says a proposal to extend its powers to carry out on-site inspections without notice as part of insurance supervisory reforms has sparked significant concern...
29 August 2022
The Quality of Advice review is expected to release an interim paper today that will propose regulatory reforms that aim to streamline requirements and reduce costs...
29 August 2022
The Australian Prudential Regulation Authority has finalised changes to six reporting standards that incorporate a clarification that’s important for the operation of the cyclone reinsurance pool...
29 August 2022
Federal Treasury has released a first tranche of draft legislation aimed at improving financial services laws that have become mired in complexity...
29 August 2022
A review of the Australian Securities and Investments Commission by an authority formed in response to the Hayne royal commission has recommended the regulator improve its technological capabilities and quality of engagement...
29 August 2022
David Chandler will continue as NSW Building Commissioner after he abruptly resigned from the position last month...
29 August 2022
New Zealand’s Financial Markets Authority has outlined its key priorities and intended work program for the current financial year in its annual corporate plan released last week...
22 August 2022
RACQ says it expects to refund $200-220 million to members following a review process and after self-reporting to the Australian Securities and Investments Commission...
22 August 2022
Reducing the risk of consumer harm through product design and distribution is one of the top priorities included in the Australian Securities and Investments Commission plan for the next four years...
22 August 2022
The NSW Government has accepted all recommendations made by an independent inquiry into this year’s flooding disaster and will move ahead with land swaps and buy-backs for hard-hit communities...
22 August 2022
The Australian Securities and Investments Commission has granted regulatory relief to insurers and brokers who offer retail cover as part of bundled commercial insurance contracts...
22 August 2022
NSW’s State Insurance Regulatory Authority has announced collaborations with Aldi, Toll, and Catholic Church Insurance as part of its new Workers Compensation Assist program...
15 August 2022
The Australian Securities and Investments Commission is looking to improve the breach reporting regime’s operation after challenges since its introduction, while it has also flagged future consultation on public reporting of licensee-level information...
15 August 2022
NSW state-owned icare is tendering for rehabilitation, medico-legal and investigation services for the workers’ compensation scheme...
15 August 2022
A review of the Australian Securities and Investments Commission industry funding model has commenced, five years after the scheme was introduced in 2017 to support the regulator’s supervision of the financial services sector, including insurance, via levies...
15 August 2022
The Victorian Government will invest $1.83 million in bushfire resilience projects across 10 regional councils as it prepares for the upcoming bushfire season...
15 August 2022
The Australian Securities and Investments Commission has suspended the financial services licence of Assurance Cover Australia until November 28 after it was found to not have the required professional indemnity insurance coverage...