insuranceNEWS.com.au http://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2013 Unfair contracts bill open for submissions http://www.insurancenews.com.au/regulatory-government/unfair-contracts-bill-open-for-submissions http://www.insurancenews.com.au/regulatory-government/unfair-contracts-bill-open-for-submissions The Federal Government has released draft legislation to add unfair contract terms to the Insurance Contracts Act…

]]> Mon, 13 May 2013 14:43:00 +1000 APRA wants insurers to appoint independent risk officers http://www.insurancenews.com.au/regulatory-government/apra-wants-insurers-to-appoint-independent-risk-officers http://www.insurancenews.com.au/regulatory-government/apra-wants-insurers-to-appoint-independent-risk-officers General insurers will have to appoint independent chief risk officers under a new standard proposed by the Australian Prudential Regulation Authority…

]]> Mon, 13 May 2013 14:42:00 +1000 Victoria’s insurance tax revenue to drop $580 million as FSL ends http://www.insurancenews.com.au/regulatory-government/victorias-insurance-tax-revenue-to-drop-580-million-as-fsl-ends http://www.insurancenews.com.au/regulatory-government/victorias-insurance-tax-revenue-to-drop-580-million-as-fsl-ends The Victorian Government’s insurance tax haul will drop in the next financial year as it removes the fire services levy (FSL) and replaces it with a $610.9 million property tax from July 1…

]]> Mon, 13 May 2013 14:42:00 +1000 Insurers want Queensland workers’ comp opened up http://www.insurancenews.com.au/regulatory-government/insurers-want-queensland-workers-comp-opened-up http://www.insurancenews.com.au/regulatory-government/insurers-want-queensland-workers-comp-opened-up Insurers argue they can bring competition and innovation to the Queensland workers’ compensation scheme, currently run by a government authority…

]]> Mon, 13 May 2013 14:41:00 +1000 Queensland to change worker definition http://www.insurancenews.com.au/regulatory-government/queensland-to-change-worker-definition http://www.insurancenews.com.au/regulatory-government/queensland-to-change-worker-definition The Queensland Government has introduced a bill to make its definition of “worker” the same as that used by the Australian Taxation Office…

]]> Mon, 13 May 2013 14:40:00 +1000 WA WorkCover rates fall, but premiums rising http://www.insurancenews.com.au/regulatory-government/wa-workcover-rates-fall-but-premiums-rising http://www.insurancenews.com.au/regulatory-government/wa-workcover-rates-fall-but-premiums-rising The underlying trend among workers’ compensation premiums in WA is for rises, according to GIO…

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