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Regulatory & Government

RACQ makes $253 million provision for pricing remediation program 

04 December 2023

RACQ says it has “fully provisioned” for the expected cost of its ongoing pricing remediation program after the Federal Court last week penalised the motoring club’s insurance business for failing to deliver on premium discounts that had been promised to customers...

Government to issue ‘ransomware playbook’ 

27 November 2023

The Australian Government will create a “ransomware playbook” with clear guidance on how to manage ransom demands as part of a new long-term strategy to beef up the nation’s cyber security...

Indigenous complaints to AFCA increase 

27 November 2023

The Australian Financial Complaints Authority says the number of complaints made to the scheme by Aboriginal and Torres Strait Islander peoples rose 13% last financial year and there was a disproportionately high level of issues around hardship...

Federal Assistant Treasurer backs NSW ESL reform 

20 November 2023

Federal Assistant Treasurer and Financial Services Minister Stephen Jones says the NSW Government’s plan to remove the Emergency Services Levy from insurance policies is a long overdue reform...

Doubling of EQCover rolled through 

20 November 2023

A New Zealand law change that doubled the home building insurance cap under the EQCover scheme to $NZ300,000 has fully rolled through...