FOS appoints code manager
24 August 2015
The Financial Ombudsman Service has appointed Sally Davis as GM Code Compliance and Monitoring and CEO of the Code Compliance Monitoring Committee (Code of Banking Practice)…
Regulatory & Government
Flammable cladding ‘tip of iceberg’
17 August 2015
Flammable cladding may be just one of many dangerous products installed on Australian buildings, a Senate inquiry has been told…
NSW workers’ comp in line for further reform
17 August 2015
The latest reforms to workers’ compensation legislation passed the NSW Parliament last Thursday, but the State Government says more change is on the way…
NZ fire service submissions make ‘clear message for change’
17 August 2015
The New Zealand Government’s Fire Services Review has received 230 submissions, and Internal Affairs Minister Peter Dunne says “a clear message for change” has emerged…
China free trade deal ‘would benefit industry’
17 August 2015
The Insurance Council of Australia has backed the proposed free trade agreement between Australia and China…
Canberra allocates more disaster funding
17 August 2015
Federal Justice Minister Michael Keenan has announced $3.7 million of funding for 22 projects to improve natural disaster resilience…
ICNZ warns of hidden quake danger
17 August 2015
The internal parts of a building can cause death and injury during an earthquake if standards are not complied with, the Insurance Council of New Zealand has warned…
RBNZ to require foreign business report
17 August 2015
The Reserve Bank of New Zealand is to request annual supplementary reports of foreign insurance business conducted by New Zealand insurers…
Cyclone mutual isn’t the answer, says Suncorp
10 August 2015
Outgoing Suncorp CEO Patrick Snowball has issued a stark warning to the Queensland and federal governments over proposed measures to tackle insurance affordability in the north of the state…
NSW unveils $1 billion workers’ comp reform
10 August 2015
The NSW Government has announced a $1 billion package to wind back previous cuts to its workers’ compensation scheme…
ARPC chief welcomes terror alert revamp
10 August 2015
The Australian Reinsurance Pool Corporation has praised the nation’s new terror alert system, which will result in more information being passed to the public…
Business leaders call for end to insurance stamp duty
10 August 2015
Insurance and other stamp duties are “inefficient, volatile and inequitable” and should be replaced, according to the Business Council of Australia…
ASIC hails insurance repayments
10 August 2015
The Australian Securities and Investments Commission has welcomed record court penalties imposed on consumer credit companies and credit insurers…
ICA questions contracts standard
10 August 2015
The Insurance Council of Australia wants the International Accounting Standards Board to change its proposed standard for insurance contracts, which it says disadvantages general insurers that write long-term contracts…
ACCC issues comparator site guides
03 August 2015
The Australian Competition and Consumer Commission has today released industry and consumer guides on the operation and use of comparator websites…
ASIC to chase offenders for investigation costs
03 August 2015
The Australian Securities and Investments Commission has taken a tougher approach to recovering its investigations costs from guilty parties…
Ministers take action after cladding fire
03 August 2015
Compulsory sprinklers on covered balconies and a list of approved high-risk building products may be introduced following a devastating fire in Melbourne’s Docklands…
Watchdogs team up against funeral insurance
03 August 2015
Regulators have joined forces to launch the Avoid a Funeral RIP-off campaign, aimed at indigenous communities…
Canberra told to ditch insurance taxes
03 August 2015
Insurance taxes, rates and land stamp duties should be replaced by a property services tax, KPMG has told the Federal Government’s inquiry into tax reform…
Insurers positive about APRA supervision
03 August 2015
General insurers are happy with the Australian Prudential Regulation Authority’s supervision of the industry, a stakeholder survey shows…