21 August 2023
The Australian Securities and Investments Commission has started “several investigations” into claims handling and has also indicated it will be taking a closer look at home cover wear and tear exclusions and internal dispute resolution...
21 August 2023
The Parliamentary Committee inquiry into insurers’ responses to last year’s major floods has called for submissions by the end of October and will also soon accept contributions through an online survey...
21 August 2023
The Australian Securities and Investments Commission is seeking feedback on its proposal to extend the design and distribution obligations instrument for a further five years...
21 August 2023
The WA Government will provide funding to 28 local governments to help boost bushfire mitigation ahead of an expected intense fire season in the coming months...
14 August 2023
The SA government has announced new regulations banning the uncontrolled processing of engineered stone products from the start of September...
14 August 2023
The Australian Securities and Investments Commission has commenced civil penalty proceedings in the Federal Court against Active Super...
14 August 2023
A forklift operator will be required to pay back $48,367 after he was found to have been working as a food delivery driver despite being declared injured and receiving workers’ compensation payments...
14 August 2023
The Australian Securities and Investments Commission has extended for a further 12 months transitional relief for foreign financial services providers from the requirement to hold a licence when providing services to wholesale clients here...
07 August 2023
The Australian Securities and Investments Commission will take more action against financial sector misconduct in the coming months after its enforcement activities led to civil penalties of $109.1 million in the first half of the year...
07 August 2023
The Australian Prudential Regulation Authority says remuneration disclosure obligations aimed at increasing transparency and preventing misbehaviour at financial firms will start from next year, with more flexibility on timeframes included following consultations...
07 August 2023
The New Zealand Government has announced an agreement with local councils of the cyclone-affected region of Hawke’s Bay to help share the costs of buying out nearby properties that face unmitigable future risks.
07 August 2023
General insurers are permitted to use catastrophe bonds and other types of insurance-linked securities for their reinsurance needs, the Australian Prudential Regulation Authority says in a reminder letter to the industry...
07 August 2023
WorkSafe says it has “weeded out a new crop of compensation fraudsters” as it reveals it cracked down on 37 fraudulent claims worth a combined projected cost of $20.64 million in the last financial year...
31 July 2023
Clyde & Co has described the incoming Financial Accountability Regime as “easy to understand in theory but difficult to implement”...
31 July 2023
The Federal Government has extended a professional indemnity insurance exemption for midwives in private practice so that they can continue offering homebirth services...
31 July 2023
The Federal Government will mandate reversing technologies in all new vehicle models from November 1, 2025...
31 July 2023
New Zealand regulator the Financial Markets Authority has started preparing for the commencement in 2025 of a new conduct regime that will apply to licensed insurers, banks and non-bank deposit takers...
31 July 2023
The NSW and Federal governments have announced a jointly funded $9.1 million initiative to support the recovery of flood-affected communities...
31 July 2023
The WA Government has announced its inaugural Climate Adaptation Strategy, outlining a series of commitments to environmental adaptation programs...
31 July 2023
The Victorian Government has announced that it will expand its “Homes at Home” program to support recovery aid for flood-affected residents in Campaspe and Mitchell Shires and Greater Shepparton area...