04 July 2011
Australian-regulated financial services companies will still be allowed to provide advice to New Zealand clients without having to be registered with the new Financial Markets Authority…
04 July 2011
Assistant Treasurer Bill Shorten shows little sign of backing down on the key sticking points in Treasury’s proposed Future of Financial Advice financial services reforms…
04 July 2011
The Senate report into state government insurance arrangements and the flood levy has again been delayed, due to a further hold-up by the Queensland Government…
27 June 2011
New Zealand insurance brokers’ peak body is going to court to test allegations that some insurance policies are “cheating” in the way they apply the fire services levy…
27 June 2011
The International Accounting Standard Board and the Financial Accounting Standards Board have agreed the residual margin in insurance contracts should not be locked in at inception…
27 June 2011
The Insurance Brokers Association of New Zealand has attacked the NZ Government’s plan to charge the insurance industry to cover the cost of regulating it…
27 June 2011
WorkCover NSW has announced a target collection rate of 1.68% of wages in 2011/12…
27 June 2011
New Zealand’s Accident Compensation Corporation expects a surplus of $NZ2.5 billion ($1.9 billion) for the 2010/11 financial year, which will enable it to reduce its deficit and reduce levies…
27 June 2011
New Zealand has revised its accounting treatment of insurance and reinsurance claims resulting from 2010 and 2011’s Christchurch earthquakes to better reflect the country’s economic position…
20 June 2011
The federal parliamentary inquiry into the insurance industry’s response to natural disasters is seeking submissions by July 15 and will visit affected regions later this year…
20 June 2011
The Australian Prudential and Regulation Authority has updated the industry on its progress in designing a new capital adequacy regime, addressing industry concerns that have arisen after…
20 June 2011
The Victorian Government has defended the builders’ warranty insurance scheme following media claims that it is a “multi-million dollar rip-off”…
20 June 2011
The Federal Government will allow a 100% tax deduction for any occupation total and permanent disability policy that is sold through a superannuation fund…
14 June 2011
The Australian Prudential Regulation Authority is proposing to publish data on general insurance handled by brokers…
14 June 2011
Assistant Treasurer Bill Shorten has again warned the insurance industry he will continue to push for more reform…
14 June 2011
A future Liberal-National Coalition federal government would not repeal the Future of Financial Advice bill, Shadow Assistant Treasurer Mathias Cormann told a Melbourne event last week…
14 June 2011
The Victorian Government has downplayed the impact of a report which a builders’ group says shows builders’ warranty insurers are reaping massive profits…
14 June 2011
WorkCover Queensland has increased the industry rate for workers’ compensation premiums to an average of 1.42% for 2011/12, up 9%…
14 June 2011
The New Zealand Government has proposed a third-party funding option for the new Financial Markets Authority, External Reporting Board and the Companies Office…
14 June 2011
Insurers will have to revise the way they treat reinsurance in their insurance contracts, according to new proposed global accounting standards…