14 March 2011
Australian insurance brokers could be hit with a new fee if Federal Treasury gives the go-ahead to the creation of a statutory compensation fund for retail investors under its proposed Future of Financial Advice reforms…
14 March 2011
The Federal Opposition says the insurance industry will face significant problems, including an increase in underinsurance, if risk commissions are banned by the Federal Government…
14 March 2011
Long-awaited amendments to the Insurance Contracts Act have been indefinitely delayed due to the debate over whether insurers should be subject to new unfair contract terms legislation…
14 March 2011
Victoria’s workers’ compensation body WorkSafe Victoria has achieved a half-year after-tax profit of $396 million – well down on the $686 million achieved in the corresponding period last financial year…
07 March 2011
The general insurance industry has mixed feelings about a Federal Government review into disaster insurance, welcoming the chance to debate the issues but also wary about the outcome…
07 March 2011
The Federal Government has cut a deal with independent senator Nick Xenophon to tighten controls on the states’ insurance requirements in return for his vote to pass its $1.8 billion flood levy…
07 March 2011
Reports that Treasury will release the draft Future of Financial Advice legislation next month are incorrect…
07 March 2011
The first trickle of Queensland flood claims has appeared on the balance sheets of insurers, according to data from the Australian Prudential Regulation Authority…
07 March 2011
The release of a white paper into the Victorian fire services levy and issues surrounding non-insurance has been put on hold as the state’s new government works through its own consultation process…
07 March 2011
Sydney-based insurance executive Charles Pratten has had charges alleging he threatened a federal police officer dropped…
07 March 2011
Canberra’s legal fraternity says the ACT’s new compulsory third party insurance bill needs further review before being approved by the Legislative Assembly…
28 February 2011
Financial Services Compensation Scheme Chairman Peter E Daly has again called for the scheme to be implemented in Australia to assist retail clients…
28 February 2011
The strength of the Australian Prudential Regulation Authority during the global financial crisis can be attributed, in part, to the collapse of HIH, a senior APRA official says…
28 February 2011
The Australian Securities and Investments Commission has released a regulatory guide on financial information that can be provided online following concerns about the difficulty of proving…
28 February 2011
Builders in the NT will meet Lands and Planning Minister Gerry McCarthy next week to discuss concerns over the territory’s draft residential builders’ insurance legislation…
21 February 2011
The Council of Australian Governments has adopted a national strategy for disaster resilience after a proposal was submitted by the nation’s emergency services ministers…
21 February 2011
As regulators around the world increase their scrutiny of multinational companies, those companies are paying closer attention to complying with insurance and premium tax regulations,…
21 February 2011
The Australian Securities and Investments Commission is issuing new regulatory guidance on dispute resolution procedures, which could reduce paperwork for insurers and brokers who resolve…
21 February 2011
The ACT Government says changes to its new compulsory third party legislation will “reduce third party insurance premiums” and lead to cheaper car registration in the territory…
14 February 2011
Assistant Treasurer Bill Shorten has outlined his action plan for clarifying insurance policies and dealing with flood cover…