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Regulatory & Government

NSW tightens lithium battery standards

15 July 2024

NSW is moving to ensure lithium-ion battery products are appropriately tested and meet new safety standards before they enter the market, amid a rising number of fires...

Regulators finalise FAR rules for insurers

15 July 2024

New information to help insurers and super trustees prepare for the start of the Financial Accountability Regime next March has been released following a consultation...

NZ ombudsman scheme raises payout limits

15 July 2024

New Zealand’s financial dispute resolution services are raising their maximum compensation limits to $NZ500,000 ($450,760) and increasing the cap for non-financial losses...

Commission consent becomes law

08 July 2024

Parliament last week passed the federal government’s first phase of advice reforms that include changes to insurance commission disclosures...

ASIC failing to enforce law, inquiry finds

08 July 2024

The Australian Securities and Investments Commission has “comprehensively” failed to go after corporate misconduct and enforce financial services laws, a Senate inquiry has concluded...

Industry gets behind NSW strata law reforms 

01 July 2024

Insurers, brokers and consumer groups have backed the NSW government’s plan to tighten laws on strata commission disclosure and other practices that have raised concerns around transparency and conflicts of interest...

National ban on deadly stone kicks in 

01 July 2024

Australia’s world-first ban on engineered stone begins today, marking a significant move against dust-related diseases such as silicosis...

EQC changes name under legislative shake-up

01 July 2024

New Zealand’s Earthquake Commission has today taken the new name of Natural Hazards Commission Toka Tu Ake under an update of the insurance scheme’s legislation...