insuranceNEWS.com.au - Regulatory & GovernmentGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auResilience investment guide ‘critical to mitigation efforts’https://www.insurancenews.com.au/regulatory-government/resilience-investment-guide-critical-to-mitigation-effortshttps://www.insurancenews.com.au/regulatory-government/resilience-investment-guide-critical-to-mitigation-efforts<p>The industry says guidelines for resilience investment it has developed with the federal government are critical to mitigating exposure to extreme weather...</p>Mon, 16 Mar 2026 03:21:12 GMTConstruction code needs full rebuild, housing group sayshttps://www.insurancenews.com.au/regulatory-government/construction-code-needs-full-rebuild-housing-group-sayshttps://www.insurancenews.com.au/regulatory-government/construction-code-needs-full-rebuild-housing-group-says<p>The National Construction Code&rsquo;s goal has shifted from structural and fire safety to encompass liveability, accessibility, sustainability and adaptation, the Housing Industry Association says, calling for a &ldquo;knock-down rebuild&rdquo; of the guide...</p>Mon, 16 Mar 2026 03:21:03 GMTGB’s mobile case managers roll into NSWhttps://www.insurancenews.com.au/regulatory-government/gb-s-mobile-case-managers-roll-into-nswhttps://www.insurancenews.com.au/regulatory-government/gb-s-mobile-case-managers-roll-into-nsw<p>Gallagher Bassett has launched a mobile service to manage NSW workers&rsquo; compensation claims as the state prepares for changes to workplace injury laws that passed parliament last month...</p>Mon, 16 Mar 2026 03:20:51 GMTTAC hands out recovery research grantshttps://www.insurancenews.com.au/regulatory-government/tac-hands-out-recovery-research-grantshttps://www.insurancenews.com.au/regulatory-government/tac-hands-out-recovery-research-grants<p>The Victorian Transport Accident Commission has awarded nearly $1 million to five health and disability services through its new Best Client Outcomes Grant Program...</p>Mon, 16 Mar 2026 03:20:37 GMTSIRA rules out Trinity licence expansionhttps://www.insurancenews.com.au/regulatory-government/sira-rules-out-trinity-licence-expansionhttps://www.insurancenews.com.au/regulatory-government/sira-rules-out-trinity-licence-expansion<p>The NSW State Insurance Regulatory Authority has rejected Trinity Insurance&rsquo;s application to broaden its workers&rsquo; compensation licence to employers in the health and human services sector...</p>Mon, 16 Mar 2026 03:20:17 GMTOutdoors tourism groups slam underwriting approacheshttps://www.insurancenews.com.au/regulatory-government/outdoors-tourism-groups-slam-underwriting-approacheshttps://www.insurancenews.com.au/regulatory-government/outdoors-tourism-groups-slam-underwriting-approaches<p>Outdoor recreation and adventure tourism companies says the federal government has an enabling role to play improving access to insurance...</p>Mon, 09 Mar 2026 04:09:57 GMTState boosts help for landslip-affected residentshttps://www.insurancenews.com.au/regulatory-government/state-boosts-help-for-landslip-affected-residentshttps://www.insurancenews.com.au/regulatory-government/state-boosts-help-for-landslip-affected-residents<p>The NSW government will provide additional financial support to help people affected by the New Lambton landslip in Newcastle...</p>Mon, 09 Mar 2026 04:08:15 GMTBank fined $1.7 million over coverage discount failureshttps://www.insurancenews.com.au/regulatory-government/bank-fined-1-7-million-over-coverage-discount-failureshttps://www.insurancenews.com.au/regulatory-government/bank-fined-1-7-million-over-coverage-discount-failures<p>New Zealand&rsquo;s High Court has penalised ASB Bank for failing to apply multipolicy discounts on insurance products...</p>Mon, 09 Mar 2026 02:26:01 GMTHazards agency details research programshttps://www.insurancenews.com.au/regulatory-government/hazards-agency-details-research-programshttps://www.insurancenews.com.au/regulatory-government/hazards-agency-details-research-programs<p>New Zealand&rsquo;s Natural Hazards Commission says it has supported 73 research projects over the past year, providing more than $NZ10 million ($8.39 million) of funding...</p>Mon, 09 Mar 2026 02:25:38 GMTPeak body calls for ‘ambitious uplift’ in climate resilience spendhttps://www.insurancenews.com.au/regulatory-government/peak-body-calls-for-ambitious-uplift-in-climate-resilience-spendhttps://www.insurancenews.com.au/regulatory-government/peak-body-calls-for-ambitious-uplift-in-climate-resilience-spend<p>The Insurance Council of Australia says federal government spending on climate resilience is &ldquo;failing to keep up&rdquo; with rising risks, but it has not revealed its position on short-term options to help high-risk homeowners, such as flood reinsurance pools...</p>Mon, 02 Mar 2026 04:01:30 GMT‘Silent’ removal of Budget Direct discounts sparks ASIC actionhttps://www.insurancenews.com.au/regulatory-government/silent-removal-of-budget-direct-discounts-sparks-asic-actionhttps://www.insurancenews.com.au/regulatory-government/silent-removal-of-budget-direct-discounts-sparks-asic-action<p>Auto &amp; General misled its Budget Direct customers by failing to tell them online discounts would be lost if they made certain changes during their policies&rsquo; first year, the corporate regulator alleges...</p>Mon, 02 Mar 2026 04:01:16 GMTCall for feedback on unfair contract term reformshttps://www.insurancenews.com.au/regulatory-government/call-for-feedback-on-unfair-contract-term-reformshttps://www.insurancenews.com.au/regulatory-government/call-for-feedback-on-unfair-contract-term-reforms<p>Treasury has opened consultation as it reviews changes to unfair contract term legislation that expanded protection for small businesses and consumers...</p>Mon, 02 Mar 2026 04:01:07 GMTAFCA ‘strengthens expertise’ with exec appointmentshttps://www.insurancenews.com.au/regulatory-government/afca-strengthens-expertise-with-exec-appointmentshttps://www.insurancenews.com.au/regulatory-government/afca-strengthens-expertise-with-exec-appointments<p>The Australian Financial Complaints Authority has added a chief customer officer and chief technology officer to its C-suite...</p>Mon, 02 Mar 2026 04:00:45 GMTHazard commission outlines investment goalshttps://www.insurancenews.com.au/regulatory-government/hazard-commission-outlines-investment-goalshttps://www.insurancenews.com.au/regulatory-government/hazard-commission-outlines-investment-goals<p>New Zealand&rsquo;s Natural Hazards Commission Toka Tu Ake has published its first statement of investment policy and objectives, detailing its strategy to ensure sustainable funding...</p>Mon, 02 Mar 2026 04:00:35 GMTNSW government to receive strata commissions reporthttps://www.insurancenews.com.au/regulatory-government/nsw-government-to-receive-strata-commissions-reporthttps://www.insurancenews.com.au/regulatory-government/nsw-government-to-receive-strata-commissions-report<p>A critical review considering banning strata managers from accepting insurance commissions is expected to provide its final report to the NSW government on Friday...</p>Mon, 23 Feb 2026 04:10:24 GMTConaghan stays in Coalition financial services rolehttps://www.insurancenews.com.au/regulatory-government/conaghan-stays-in-coalition-financial-services-rolehttps://www.insurancenews.com.au/regulatory-government/conaghan-stays-in-coalition-financial-services-role<p>New federal opposition leader Angus Taylor has made Tim Wilson shadow treasurer and Pat Conaghan shadow minister for financial services and assistant treasurer...</p>Mon, 23 Feb 2026 04:09:30 GMTBuilding code reform pause ‘puts communities at risk’https://www.insurancenews.com.au/regulatory-government/building-code-reform-pause-puts-communities-at-riskhttps://www.insurancenews.com.au/regulatory-government/building-code-reform-pause-puts-communities-at-risk<p>Freezing reforms to the National Construction Code will hinder efforts to improve housing resilience against bad weather, the Insurance Council of Australia warns...</p>Mon, 23 Feb 2026 03:50:01 GMTState to streamline climate risk requirements in planninghttps://www.insurancenews.com.au/regulatory-government/state-to-streamline-climate-risk-requirements-in-planninghttps://www.insurancenews.com.au/regulatory-government/state-to-streamline-climate-risk-requirements-in-planning<p>NSW has proposed a new planning policy to help councils and other authorities assess natural hazards and make decisions based on acceptable risk levels...</p>Mon, 23 Feb 2026 03:49:34 GMTPI ‘wrong instrument’ for fixing last resort schemehttps://www.insurancenews.com.au/regulatory-government/pi-wrong-instrument-for-fixing-last-resort-schemehttps://www.insurancenews.com.au/regulatory-government/pi-wrong-instrument-for-fixing-last-resort-scheme<p>The industry has warned against using professional indemnity insurance to address funding pressures facing the Compensation Scheme of Last Resort...</p>Mon, 23 Feb 2026 03:49:23 GMTWA pushes reforms to ‘crush’ tobacco gangshttps://www.insurancenews.com.au/regulatory-government/state-pushes-reforms-to-crush-tobacco-gangshttps://www.insurancenews.com.au/regulatory-government/state-pushes-reforms-to-crush-tobacco-gangs<p>The WA government has proposed new penalties for participating in the illegal tobacco and vape trade...</p>Mon, 23 Feb 2026 03:49:12 GMT