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Regulatory & Government

Parliament passes merger law overhaul

02 December 2024

The federal parliament has passed merger law reforms that require the competition watchdog to be notified of all deals above a certain transaction threshold...

Current advice regime constrains industry, ICA says

25 November 2024

The Insurance Council of Australia has backed advice law changes that “enhance the quality” of customer engagement, as the federal government prepares its next tranche of reforms...

State moves on further strata reforms

25 November 2024

The NSW government has introduced more strata legislation into parliament, with the latest reforms flowing from a 2021 statutory review...

ASIC expands emergency payout system

25 November 2024

The Australian Securities and Investments Commission has extended an arrangement that helps insurers quickly pay consumers small cash sums in emergency situations...

APRA reinsurance reform impacts ‘unclear’

25 November 2024

Proposed prudential changes that would encourage the industry to explore alternative reinsurance options such as catastrophe bonds come with trade-offs, according to Fitch Ratings...

Labor calls for pre-budget submissions

25 November 2024

The federal government has invited submissions from individuals, community groups and businesses on ideas and priorities for the next budget...

State publishes strata guide for residents

18 November 2024

NSW has released a strata living guide for residents that includes details of law changes taking effect in February to strengthen disclosure obligations...

ICA warns AI reforms ‘disjointed, hazardous’

18 November 2024

A disjointed regulatory approach to the use of artificial intelligence and automated decision-making could create conflicting requirements, increased compliance burdens and further uncertainty, the Insurance Council of Australia has warned...

NZ insurer cops warning over solvency margin

18 November 2024

The Reserve Bank of New Zealand has warned Quest Insurance over failures to comply with prudential rules including maintaining a minimum solvency margin for non-life business...

Watchdog eyes easing of reinsurance requirements

11 November 2024

The Australian Prudential Regulation Authority is canvassing the industry over changes to its reinsurance framework, as it looks for ways to improve premium affordability...

NSW introduces lithium battery information standard 

11 November 2024

NSW Fair Trading will introduce an information standard for lithium-ion battery-powered “e-micromobility” products such as e-scooters, e-bikes, e-skateboards, self-balancing hoverboards and associated chargers...