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Regulatory & Government

WA delivers revised bushfire policy

30 September 2024

The WA government has released a revised bushfire policy that will remove more than 4500 urban properties from a list of bushfire-prone areas...

NSW flags further strata crackdown 

23 September 2024

The NSW government says there is “more to come” on strata reforms after last week passing legislation to improve disclosure and toughen penalties...

Minister limits NZ fire levy rise

23 September 2024

Fire and Emergency New Zealand will raise its insurance levy rate by 2.2% from July 2026, instead of 5.2% as proposed in a public consultation...

ASIC warns industry on distribution failings

16 September 2024

The Australian Securities and Investments Commission says insurance and other financial product issuers need to improve their distribution practices or risk breaching compliance duties...

Privacy reforms introduced in parliament

16 September 2024

Draft privacy laws were tabled in federal parliament last week to implement the first tranche of reforms recommended by the Attorney-General’s Department...

More funding for Queensland flood program

16 September 2024

The Queensland and federal governments have announced an $18 million increase to the state’s Flood Risk Management Program via the Disaster Recovery Funding Arrangements...

Cyclone pool extension could add $35 million to losses

09 September 2024

Cyclone reinsurance pool average annual losses would increase by $20-$35 million if the cover period was extended to seven days after an event, research requested by the Assistant Treasurer shows...

ICNZ joins call for faster climate adaptation

09 September 2024

The Insurance Council of New Zealand has backed calls to speed up adaptation to climate change, after a report found action so far lacks the scale or pace required...

WA builder fined over uninsured work

02 September 2024

A WA builder has admitted breaching home building contract laws after he started three jobs without mandatory insurance, leaving a property owner with more than $132,000 in costs...