insuranceNEWS.com.au - Regulatory & Government

Treasury sets out industry’s APRA levies

Mon, 01 Jun 2026 04:41:59 GMT

About $27.2 million will be collected from the general insurance industry to fund the prudential regulator’s supervision next financial year, Treasury says...

Ombudsman slams icare over wage adjustment delays

Mon, 01 Jun 2026 04:41:51 GMT

An inquiry has found icare engaged in unreasonable conduct with its delayed handling of wage declaration adjustments used to calculate workers’ compensation premiums...

Beware knock-on effects of mental health reform: EML

Mon, 01 Jun 2026 04:41:44 GMT

Cross-system reforms are needed to address rising mental health impacts, as changes in one area can lead to increasing burdens elsewhere, according to an EML white paper...

NZ insurers to pay regulation levy

Mon, 01 Jun 2026 04:41:28 GMT

New Zealand will introduce a prudential levy on insurers, banks and other financial market participants to cover the cost of Reserve Bank supervision...

Repeated questioning scars catastrophe survivors, MPs say

Mon, 01 Jun 2026 04:40:55 GMT

Victims of devastating weather events are traumatised by having to repeatedly recount their experiences to different agencies, a review of the NSW Reconstruction Authority’s response to east coast catastrophes has found...

Record fine after training flaws led to ‘devastating’ truck smash

Mon, 01 Jun 2026 04:40:40 GMT

Waste management group Cleanaway has been fined a record $1.1 million over a truck crash that left one of its drivers with life-changing injuries and killed two other motorists...

New law helps rivals team up in times of crisis

Mon, 01 Jun 2026 04:40:23 GMT

A change to competition law will give the regulator power to grant faster exemptions in the case of emergencies and other exceptional circumstances...

NSW confirms workers’ comp premiums

Mon, 01 Jun 2026 04:40:15 GMT

Employers in NSW will soon receive workers’ compensation renewal notices, after state insurer icare confirmed premium settings...

Global turmoil prompts APRA to step up supervision

Mon, 25 May 2026 04:27:45 GMT

Insurers are assessing how supply chain disruption arising from geopolitical risks could affect claim costs, according to the latest System Risk Outlook from the Australian Prudential Regulation Authority...

State maintains freeze on workers’ comp rates

Mon, 25 May 2026 04:27:35 GMT

Victoria’s average WorkCover premium will stay at 1.8% of wages in 2026-27, holding for the fourth year in a row...

ASIC hails progress on red tape reduction

Mon, 25 May 2026 04:27:26 GMT

The corporate regulator says it has made “significant strides” easing red tape in financial services and it is now moving to the next phase of its simplification program...

Farm staff training scheme seeds safer practices

Mon, 25 May 2026 04:27:05 GMT

A year-long farm worker safety program aiming to reduce the number of injuries and deaths has launched in NSW...

Home coverage warning as new smoke alarm rules loom

Mon, 25 May 2026 04:26:55 GMT

Queensland homeowners have been told to comply with new fire alarm laws or risk invalidating their insurance...

‘Unachievable scale’: Tasmania drops state insurer plan

Mon, 18 May 2026 04:59:13 GMT

The Tasmanian government has scrapped an election promise to set up a state-backed insurer after an independent expert branded it “an aspiration with high risk, high cost and low chance of delivering”...

ASIC home cover comparator visited less than 25 times a day

Mon, 18 May 2026 04:58:59 GMT

The Australian Securities and Investments Commission’s north Queensland home and contents comparison website is being viewed fewer than 25 times a day on average, according to statistics released to insuranceNEWS.com.au...

Bushfire fund to help house underinsured victims

Mon, 18 May 2026 04:48:36 GMT

A joint federal and Victorian government package will provide an extra $37 million to support people affected by bushfires in January...

Eastern states move to ‘take down crime gangs’

Mon, 18 May 2026 04:48:12 GMT

NSW is introducing new offences and penalties for public shootings, firebombings, vehicle arson and recruitment of teenagers by organised criminals...

Queensland expands flood mitigation grants

Mon, 18 May 2026 04:48:00 GMT

More Queensland homeowners will have access to funds to protect their properties against flooding under a new arrangement between the state and federal governments...

Mutual interest on the rise, inquiry told

Mon, 11 May 2026 04:50:46 GMT

Interest in mutual risk protection arrangements has increased as organisations look to address market failures, a federal parliamentary inquiry was told last week...

Government releases updated regulatory grid

Mon, 11 May 2026 04:29:45 GMT

A federal regulatory road map update shows seven initiatives related specifically to insurance and reinsurance, while the sector will be affected by 24 activities overall...