Directors’ liability reform stalls
14 February 2011
Reform to the myriad state and territory directors’ liability laws is behind schedule, less than 15 months after the governments agreed to audit their statute books…
Regulatory & Government
Deadline looms for TPD deductions
14 February 2011
Superannuation fund trustees have until June 30 to ensure tax deductions for trauma and permanent disability insurance remiums meet new Federal Government rules…
NSW WorkCover denies laggard lawsuits
14 February 2011
NSW WorkCover has denied it’s taking more businesses to court for non-payment of their premiums…
Shorten warns insurers over consumer law
07 February 2011
Assistant Treasurer Bill Shorten has put insurers “on notice” that community and parliamentary forces are pushing for universal legal protections for all consumers…
ASIC seals deal for investors
07 February 2011
The Australian Securities and Investments Commission has brokered a final settlement deal against failed property group Westpoint and its auditors, KPMG…
Group purchasing bodies negotiations continue
07 February 2011
A solution to licensing problems for group purchasing bodies is still being sought after the regulator provided a temporary respite…
Flood: APRA wants to know impact
31 January 2011
The Australian Prudential Regulation Authority expects insurers to include the impact of events like the Queensland floods in their quarterly and annual regulatory reports…
ASIC appeals over Hardie appeal
31 January 2011
The Australian Securities and Investments Commission has applied to the High Court for special leave following a NSW Supreme Court decision in December to overturn the banning…
ACC survives but with more competition
31 January 2011
A New Zealand Government steering group report into the Accident Compensation Corporation has recommended private insurers should be allowed to offer compulsory accident…
APRA seeks prudential feedback
31 January 2011
Modifications to prudential rules will align and consolidate a raft of industry-specific standards, according to the Australian Prudential Regulation Authority…
Bogus broker gets life
31 January 2011
The Australian Securities and Investments Commission has handed a lifetime ban on convicted NSW fraudster John Anthony Ovens ever having an Australian financial services licence…
PI requirements set for tax agents
31 January 2011
The Tax Practitioners Board has defined which tax and business activity statement agents will be required to have professional indemnity cover from July this year…
2010 was a good year for general insurers
13 December 2010
The 2010 financial year has been good for general insurers, with premium earnings up and losses down, according to the Australian Prudential Regulation Authority’s half-years statistics…
Profit pressure for life insurers
13 December 2010
Life insurers’ net profits have fallen during the third quarter this year compared to the corresponding period last year, according to the Australian Prudential Regulation Authority’s quarterly…
Comments wanted on workplace safety regulations
13 December 2010
Safe Work Australia is seeking comment on its occupational health and safety regulations and model code of practice…
Directors want liability laws reformed
13 December 2010
Company directors say the states are affecting corporate decision-making by not reforming the 708 laws and statutes which impose personal liability on them…
Premiums continue to rise
06 December 2010
General insurance gross written premium for the September quarter was $8.47 billion, according to the Australian Prudential Regulation Authority – well up on the corresponding period last year…
No surprises in new Victoria’s new ministry
06 December 2010
Most members of Victorian Premier Ted Baillieu’s shadow ministry have continued in their roles as ministers in the new Victorian Parliament…
IAIS looks for new deputy
06 December 2010
The International Association of Insurance Supervisors is seeking a new deputy secretary general…
Minister backs insurance gaps inquiry
29 November 2010
An inquiry into insurance “gaps” on threatened coastal properties has been endorsed by Federal Climate Change Minister Greg Combet…