Funeral group fined $3.5 million after ASIC appeal
14 July 2025
The Federal Court has imposed a $3.5 million penalty against ACBF Funeral Plans for misrepresenting that it was Aboriginal-owned or managed...
Regulatory & Government
Broker banned after fraud rap
14 July 2025
The corporate watchdog has permanently banned former NSW broker Jason Prasad after he was convicted of fraud...
Cyclone pool claims top $650 million
14 July 2025
The cyclone pool has received 78,372 claims since its inception, with 88% related to Cyclone Alfred, a quarterly report shows...
Rowell takes SIRA deputy chair role
14 July 2025
The NSW State Insurance Regulatory Authority has appointed Helen Rowell as deputy chair and Lynelle Briggs as an independent board member...
NZ regulator ‘ready to play part’ in anti-scam alliance
14 July 2025
New Zealand’s Financial Markets Authority has backed a cross-sector initiative to fight scammers...
SIRA regulatory priorities send ‘clear signal’
07 July 2025
The NSW State Insurance Regulatory Authority has outlined its priorities for the financial year, aligning with a three-year strategy announced in February...
ICA calls on territory to pursue strata reforms
07 July 2025
The Insurance Council of Australia has urged the ACT to introduce strata transparency laws and help drive better building repairs and maintenance oversight by owners’ committees...
Broker loses licence over missed ASIC levy payment
07 July 2025
Downunder Insurance Services’ licence has been cancelled after it failed to pay levies to the Australian Securities and Investments Commission...
State building regulator up and running ahead of reforms
07 July 2025
Victoria’s new Building and Plumbing Commission has begun operations, as the state moves to plug gaps in construction industry regulation...
More NSW strata reforms kick in
07 July 2025
A further tranche of NSW strata reforms has taken effect this month, with the latest changes flowing from a 2021 statutory review...
Motor trades body rejects updated smash repair code
07 July 2025
The Motor Trades Association of Australia says a draft version of the revised smash repair code fails to address issues around fairness and it will not support the proposed changes...
Extra flood support for west Queenslanders
07 July 2025
A joint state and federal initiative will provide $45.7 million to help western Queensland communities recover from floods earlier this year...
‘Genuine beliefs’ key to AFCA approach on misrepresentation
30 June 2025
The Australian Financial Complaints Authority has released new guidelines on how it will approach disputes around misrepresentation and disclosure...
NZ broker admits ‘devastating’ client theft
30 June 2025
An insurance broker who said he would invest elderly clients’ funds but spent the money and issued false statements has pleaded guilty to theft...
CBL finance chief penalised for disclosure breach
30 June 2025
New Zealand’s High Court has ordered CBL Group’s former finance head Carden Mulholland to pay more than $NZ1.2 million ($1.1 million) in penalties and legal costs following continuous disclosure breaches...
Tasmanian motor body reveals election wish list
30 June 2025
The Tasmanian Automotive Chamber of Commerce has made 18 recommendations to government ahead of the state election...
Prudential changes fail to weigh cost, insurers say
30 June 2025
Only 31% of surveyed general insurers feel changes to the prudential framework have sufficiently considered the cost of regulations imposed on industry...
State pledges $280 million resilience boost
30 June 2025
Queensland has put an extra $280 million over four years into high-priority disaster resilience and mitigation projects...
Scores of projects unfinished as WA builders collapse
30 June 2025
Homeowners in WA have been advised to contact QBE regarding their home indemnity cover after two residential builders entered liquidation this month...
MPs extend inquiry into workers’ comp shake-up
23 June 2025
The NSW government’s workplace mental injury law reforms have been put on hold after a parliamentary committee extended its inquiry into the plans...