Regulatory & Government
Watchdog challenges ruling on Auto & General contract clause
22 April 2024
The Australian Securities and Investments Commission will appeal after the Federal Court last month dismissed its unfair contract terms proceedings against insurer Auto & General...
Insolvency numbers on course for decade high
22 April 2024
The number of businesses entering external administration is on track to exceed 10,000 this financial year, the Australian Securities and Investments Commission says, after insolvencies rose 36.2% to 7742 in the nine months to March 31...
State expands firefighter access to workers’ comp
22 April 2024
Queensland has changed its workers’ compensation scheme to improve coverage and support for firefighters...
Bundaberg residents see latest levee plans
22 April 2024
Updates on the proposed $174.7 million Bundaberg East Levee are being presented at community sessions this week to let residents learn more about the flood resilience project...
NZ regulator appoints ‘proven’ executive director
22 April 2024
New Zealand’s Financial Markets Authority has appointed Louise Unger as Executive Director for Response and Enforcement, starting in June...
Kell to chair financial counselling fund
22 April 2024
The Financial Counselling Industry Fund, aimed at expanding assistance for people enduring hardship, will be chaired by Peter Kell, a former Australian Securities and Investments Commission deputy chairman and Choice CEO...
icare CEO Harding lines up October departure
15 April 2024
NSW state insurer icare is searching for a CEO to take over from Richard Harding, who will step down in October seeking a shift in career focus...
NSW insurance regulator CEO departs
15 April 2024
The NSW State Insurance Regulatory Authority says CEO Adam Dent has resigned...
ASIC prepares for CEO search
15 April 2024
The Australian Securities and Investments Commission will undertake a global CEO search from early next year...
NZ fire service seeks feedback on levy rise
15 April 2024
Fire and Emergency New Zealand is consulting on plans to increase levy revenues by 5.2% while changing the way the charge is applied to different insurance policies...
Flood probe hits road to Caboolture, Logan and Lismore
08 April 2024
The federal inquiry into insurers’ responses to the 2022 floods is this week travelling to regions hit hard by the catastrophes, holding hearings in Caboolture and Logan in Queensland and Lismore in northern NSW...
Lawyers demand gig workers’ comp reform
08 April 2024
Queensland must take urgent action to extend workplace injury rights to gig workers, the Australian Lawyers Alliance says...
NSW boosts funding for silicosis studies, treatment
08 April 2024
The NSW Government will deliver a $5 million grant to aid silicosis research and support for people affected by the disease...
Last resort payout scheme launches after long wait
08 April 2024
The Compensation Scheme of Last Resort has begun operations, ending a near-seven-year process to launch the body...
NSW funds insurer’s young driver safety study
08 April 2024
The NSW Government has helped fund Suncorp and the University of Melbourne’s research into young driver behaviour and road accident risk...
Pet insurer warned over broken discount promises
08 April 2024
New Zealand’s Financial Markets Authority has issued a warning to Southern Cross Pet Insurance for breaking discount promises to thousands of customers...
Regulator checks up on climate risk management
08 April 2024
The Australian Prudential Regulation Authority will hold a voluntary climate risk self-assessment survey as part of its supervision of the ways businesses are managing the threat...
Court dismisses unfair contract term proceedings against insurer
25 March 2024
Auto & General has prevailed in proceedings launched by the corporate watchdog over a contract term requiring home and contents policyholders to inform the insurer of any changes to insured properties...
Operational risk management reform looming: Xceedance
25 March 2024
Consulting firm Xceedance says insurers should be planning now for the introduction of key regulatory reforms including a new operational risk management standard...
NSW panel holds first meeting on ESL reform
25 March 2024
The NSW Government has held initial meetings with a newly formed expert panel to discuss models to replace the Emergency Services Levy...