insuranceNEWS.com.au - Regulatory & Government

Trial date set for broker accused of client funds scam

Mon, 02 Feb 2026 00:48:32 GMT

A former broker accused of misusing clients’ money is to appear in court again in April before trials scheduled to begin in February next year...

ACT to consider community group pool

Mon, 02 Feb 2026 00:48:20 GMT

The ACT government has rejected calls for a comparator website and other recommendations from an inquiry into insurance costs and availability...

New year fires, floods underscore claims scrutiny: ASIC

Mon, 02 Feb 2026 00:47:28 GMT

The corporate regulator has confirmed insurers’ management of disaster claims is a key focus after last month’s Victorian bushfires and Queensland floods following ex-Cyclone Koji...

SIRA consults on care provider regulations

Mon, 02 Feb 2026 00:46:38 GMT

NSW’s State Insurance Regulatory Authority is seeking submissions on ways to improve healthcare provider oversight in the state’s personal injury schemes...

WA state insurer elevates interim chief

Mon, 02 Feb 2026 00:46:28 GMT

Insurance Commission of WA interim CEO Helen Robinson will take the leadership role on a long-term basis...

Workers’ comp fraudster sentenced

Sun, 01 Feb 2026 23:00:02 GMT

A woman has been found guilty of 10 fraud-related offences after scamming more than $428,000 from the NSW workers’ compensation scheme...

Treasury consults on PI insurance reforms

Mon, 15 Dec 2025 04:17:37 GMT

Treasury is seeking feedback on ways to “enhance the effectiveness” of professional indemnity insurance under a push to improve the Compensation Scheme of Last Resort...

Industry on hook for compo scheme funding shortfall

Mon, 15 Dec 2025 03:53:34 GMT

Insurers must shoulder a portion of the $47.3 million special levy to shore up the Compensation Scheme of Last Resort, which has suffered a blowout in Australian Financial Complaints Authority unpaid determinations...

ICA hits out at ‘overlapping’ regulations

Mon, 15 Dec 2025 03:43:25 GMT

Complying with “overlapping and expanding” regulations has come at great cost to productivity and consumer outcomes, according to the Insurance Council of Australia...

SIRA lays ground for injury scheme projects

Mon, 15 Dec 2025 03:42:49 GMT

The State Insurance Regulatory Authority says three initiatives focusing on the role of health providers in personal injury schemes will move forward next year...

State to shut cladding agency

Mon, 15 Dec 2025 03:42:41 GMT

Cladding Safety Victoria will stop operations at the end of its mission to rectify extreme- and high-risk buildings...

Victoria’s new firefighting fleet ready for take-off

Mon, 15 Dec 2025 03:42:32 GMT

The Victorian government has unveiled its new firefighting air fleet as the state prepares for this year’s elevated-risk season...

Trans-Tasman leaders collaborate on accessibility

Mon, 08 Dec 2025 03:33:12 GMT

Australia and New Zealand will establish a government and industry working group to share information and collaborate on ways to ensure insurance remains accessible...

ASIC outlines code approval expectations

Mon, 08 Dec 2025 03:33:04 GMT

The Australian Securities and Investments Commission says its code of practice approvals process considers an industry’s response to independent reviews and factors such as enforceability...

Companies falling short on whistleblower systems

Mon, 08 Dec 2025 03:32:24 GMT

Whistleblower policies and practices vary greatly among corporates and there is room for improvement, according to the Australian Securities and Investments Commission...

SIRA shares QBE workers’ comp audit findings

Mon, 08 Dec 2025 03:32:10 GMT

Regulators have completed an audit of QBE’s workers’ compensation claims management across the NSW nominal insurer and Treasury Managed Fund programs...

Watchdog tweaks PDS regulatory guide

Mon, 08 Dec 2025 03:31:53 GMT

Updates to product disclosure statement obligations have been finalised after consultation with financial services industry stakeholders...

State’s workers’ comp underwriting loss deepens

Mon, 01 Dec 2025 04:21:54 GMT

The NSW workers’ compensation scheme has reported a $3.2 billion underwriting loss as the number of psychological injuries rose 20%, state insurer icare’s annual report says...

Psychological injury reform suffers hold-up

Mon, 01 Dec 2025 04:21:43 GMT

A workers’ compensation bill that would change psychological impairment thresholds failed to pass NSW parliament in the final week of sittings for the year...

ICA urges regulators to rethink add-on, advice rules

Mon, 01 Dec 2025 04:05:19 GMT

Reporting requirements should be reviewed to remove duplication and regulations should be proportionate to risk, the Insurance Council of Australia has told the Council of Financial Regulators...