Court again delays sentence on ex-broker Horsell
22 April 2013
Former broker Craig Horsell will be sentenced next month on dishonesty charges after the Adelaide District Court last week adjourned the matter for a second time…
Regulatory & Government
Regulators to move closer, quicker: KPMG
22 April 2013
Insurers face more intrusive supervision and early intervention, according to a report on global regulation…
NZ consumer law concession ‘not enough’
22 April 2013
New Zealand’s insurance industry has won a concession in the Consumer Law Reform Bill, but it does not go far enough, according to legal firm DLA Phillips Fox…
SMSF insurance advice poor, ASIC says
22 April 2013
Insurance advice given to self-managed super fund investors is often inadequate, according to a report by the Australian Securities and Investments Commission…
Risk specialists give thumbs-down to global supervision
22 April 2013
The international market benefits from the application of a variety of enterprise risk management and capital management practices, and this diversity is better than the imposition of a common framework…
Government ‘committed’ to expanding Islamic products
22 April 2013
Australia is a growth market for Islamic financial services including insurance, Parliamentary Secretary to the Treasurer Bernie Ripoll says…
IOSCO plans rule books and toolbox for consistency
22 April 2013
The International Organisation of Securities Commissions is to issue global rule books and a toolbox to promote regulatory consistency across jurisdictions…
ASIC waits on national adviser exam
15 April 2013
The Australian Securities and Investments Commission has delayed the launch of a new national financial adviser exam…
ASIC imposes bans for false insurance applications and dishonesty
15 April 2013
Several advisers have been banned for dishonesty in insurance dealings, according to the Australian Securities and Investments Commission enforcement report for the six months to December…
WorkCover Queensland consolidates operations
15 April 2013
WorkCover Queensland is to close 10 small offices and move staff to its larger customer service centres at Brendale, Cannon Hill, Oxley and Logan…
ASIC extols virtues of transparency
15 April 2013
The Australian Securities and Investments Commission has published an information sheet on the benefits of co-operating with investigations…
WA workers’ comp scheme cuts rates
15 April 2013
WorkCover WA has reduced its recommended premium rates for 2013/14 due to continued wages growth in the state…
APRA makes changes at the top
08 April 2013
Australian Prudential Regulation Authority Chairman John Laker will step down on June 30 next year, to be replaced by Wayne Byres…
Pratten awaits sentence after hearings conclude
08 April 2013
Convicted tax fraudster Charles Pratten is awaiting his sentence after judgement was reserved at the conclusion of his recent sentencing hearing…
NIIS for criminal injury poses ‘significant task’
08 April 2013
Advisers helping to establish the National Injury Insurance Scheme have created new working groups…
Medcraft pushes global co-operation
08 April 2013
New International Organisation of Securities Commissioners Chairman Greg Medcraft says he wants to increase engagement with members and stakeholders, while creating industry benchmarks…
Report calls for overhaul of Comcare scheme
08 April 2013
The Federal Government’s workers’ compensation scheme requires substantial changes in almost every area, according to a new report…
Innovation poses challenge to regulators, ASIC warns
08 April 2013
Innovation in products and technology is a concern for regulators, according to Australian Securities and Investments Commission Chairman Greg Medcraft…
Conglomerates framework proves a ‘complex exercise’
25 March 2013
Developing a prudential framework for conglomerates is not easy but it will be worth it to avoid an “AIG problem”, where the activities of other financial arms nearly brought down the insurer, according to…
ASIC bans Sydney broker over dishonest conduct
25 March 2013
The Australian Securities and Investments Commission has permanently banned Sydney broker Ronald Coshott from providing financial services, after finding he engaged in dishonest conduct…