Transport manager jailed in ‘groundbreaking’ case after police deaths
05 February 2024
A transport company’s national operations manager has been found guilty of a category 1 Heavy Vehicle National Law offence for the first time in Australia...
Regulatory & Government
APRA ditches obsolete risk management guides
05 February 2024
The Australian Prudential Regulation Authority has retired two outdated practice guides on risk management frameworks for general and life insurers...
Last resort scheme sets total for first industry levy
05 February 2024
The Compensation Scheme of Last Resort board says major insurers and banking groups will pay $241 million under its first levy, as it outlines estimated funding for the program...
ESL reforms: NSW Government holds first-round meeting
18 December 2023
The NSW Government held meetings last week with representatives from the insurance industry, and also with the property and retail sectors, to follow up on last month’s announcement to reform the state’s Emergency Services Levy funding arrangements...
Unnecessary throw outs affecting flood recovery: restorers
18 December 2023
The disposal of home building materials and contents that could have been kept after floods has led to people living in temporary accommodation unnecessarily and has driven up claims costs, the Restoration Industry Association of Australasia says...
Competition tribunal concludes Suncorp Bank sale hearing
18 December 2023
The Australian Competition Tribunal has concluded a two-week appeal hearing into whether the $4.9 billion sale of Suncorp Bank to ANZ should go ahead...
ALRC submits final report on financial laws overhaul
18 December 2023
The Australian Law Reform Commission has submitted its final report on a financial services legislation overhaul to the Federal Attorney-General following a three-year inquiry...
State and Federal governments agree engineered stone ban
18 December 2023
Australia will institute a world-first ban on engineered stone from July 1 next year following a decision from state and federal work health ministers...
Insurers agree with ‘simple’ advice model, but brokers want more
11 December 2023
The National Insurance Brokers Association says it is disappointed not all Quality of Advice Review proposals have been adopted, after the Federal Government last week finalised its response to the QAR report’s recommendations...
Suncorp proposes targeted tax relief to ease premium costs
11 December 2023
Suncorp has proposed that the Federal Government work with the states and territories to provide targeted cash refunds of insurance stamp duty to address immediate affordability issues...
Serious defects found in more than 50% of NSW strata buildings
11 December 2023
More than half of NSW strata buildings have serious defects, with an estimated $79 million being spent by owners’ corporations to rectify the issues, a survey has found...
Victoria’s proposed WorkCover overhaul delayed
11 December 2023
An upper house inquiry into the Victorian government’s WorkCover bill has been given the go ahead and an Economy and Infrastructure Committee will not report the findings until February 6...
Queensland advances Bundaberg flood levee plan
11 December 2023
The Queensland Government says the Bundaberg East Levee project is a “step closer” to being delivered after it secured the required commencement approvals, with construction work expected to begin by early 2025...
CSLR transitional board names CEO
11 December 2023
The Compensation Scheme of Last Resort Transitional Board has appointed David Berry as its inaugural CEO as it prepares to start operations next year...
Competition tribunal starts hearing Suncorp bank sale appeal
04 December 2023
The Australian Competition Tribunal has today started hearing an appeal over the blocked $4.9 billion sale of Suncorp’s bank to ANZ...
Canberra provides ‘100%’ guarantee to plug midwives PI gap
04 December 2023
The Federal Government will pay “100% of any eligible and approved” professional indemnity insurance claims made in relation to intrapartum care provided outside of a hospital setting by privately practicing midwives...
RACQ makes $253 million provision for pricing remediation program
04 December 2023
RACQ says it has “fully provisioned” for the expected cost of its ongoing pricing remediation program after the Federal Court last week penalised the motoring club’s insurance business for failing to deliver on premium discounts that had been promised to customers...
ICA calls on NSW to ‘take lead’ on natural hazard resilience
04 December 2023
Insurance Council of Australia CEO Andrew Hall has delivered a six-point recommendation to NSW Planning and Environment Committee Chair Sue Higginson, calling for renewed actions on natural hazard resilience...
NSW Building Commission launches as standalone regulator
04 December 2023
Building Commission NSW has launched today, marking an expansion in the State Government’s efforts to enforce quality and standards control in the construction industry...
Federal Government calls for pre-budget submissions
04 December 2023
The Federal Government has invited individuals, businesses and community groups to provide viewpoints on priorities for next year’s federal budget...