Regulatory & Government
13 November 2017
A consultation paper has been released on terms of reference, governance and funding arrangements for the Australian Financial Complaints Authority, the new one-stop dispute resolution body for all financial matters…
13 November 2017
The Insurance Council of Australia supports streamlining whistleblower rules into a single regime, but is concerned about other aspects of draft proposals…
13 November 2017
The Australian Securities and Investments Commission has signed an agreement with its Chinese counterpart to jointly promote fintech across the two markets…
13 November 2017
The Australian Securities and Investments Commission has appointed 18 members to a new Financial Services and Credit Panel that will be make misconduct decisions…
13 November 2017
WorkCover WA will host a breakfast seminar for insurance brokers on December 8 at Crown Perth…
06 November 2017
The Consumer Action Law Centre and advocate organisation Choice have proposed widening new banking accountability laws to apply to other financial services…
06 November 2017
The Federal Court has imposed a $1 million civil penalty on NSG Services for breaching the best-interests duty under the Future of Financial Advice reforms…
06 November 2017
The New Zealand insurance industry is lobbying the country’s new Labour Party-led government over controversial plans to change the way the fire service levy is calculated…
06 November 2017
Insurers’ surveillance and investigation practices will face scrutiny under the Australian Securities and Investments Commission’s business plan for this financial year…
06 November 2017
Premiums charged by New Zealand’s Earthquake Commission have risen by one-third, in line with an increase announced in this year’s budget to help rebuild funds depleted by the Canterbury and Kaikoura catastrophes…
06 November 2017
Insurance & Care NSW says new research proves workers’ compensation schemes face “inflated prices” for medical services, with NSW the worst example…
06 November 2017
Three organisations have signed a five-year agreement aimed at enhancing the actuarial skills of supervisory authorities worldwide…
30 October 2017
The Australian Securities and Investments Commission Enforcement Review Taskforce has proposed civil penalties be imposed on insurers in breach of certain obligations under the Insurance Contracts Act…
30 October 2017
The Australian Reinsurance Pool Corporation paid the Federal Government $147.5 million in fees and dividends last financial year, its annual report reveals…
30 October 2017
Financial services businesses need to be proactive in meeting community expectations as regulators sharpen their focus on culture and behaviour, Suncorp executives have told brokers and planners at a summit for intermediaries…
30 October 2017
The Australian Prudential Regulation Authority is stepping up its scrutiny of cyber-attack prevention and incident response plans, as the potential threat to areas it oversees increases…
30 October 2017
The Australian Securities and Investments Commission says the shift to industry funding this year will help improve its performance and encourage accountability in the financial services sector…
30 October 2017
The Insurance Council of Australia has backed proposed measures to supervise the sale of add-on insurance and warranties at car dealerships…
30 October 2017
Treasury wants submissions on updated insurance contract regulations that will take effect next April, when current arrangements expire…
30 October 2017
The Australian Securities and Investments Commission and Swiss Financial Market Supervisory Authority have signed a fintech agreement to help innovators operate seamlessly in each country…