Former FAI man pleads guilty
06 June 2006
Former FAI General Insurance Financial Controller Tony Boulden has pleaded guilty to breaching the Corporations Law…
Regulatory & Government
Insurers face global regulation
06 June 2006
Australian prudential regulation should be in line with international accounting standards by the end of the year, the industry watchdog says…
Victorian banned for life
06 June 2006
A Victorian financial adviser has been stripped of his licence after fraudulently obtaining loans for insurance premiums…
That’s it for conflict, says Cooper
30 May 2006
Regulation is often viewed as a four-letter word in the financial services industry, but the Australian Securities and Investments Commission has some good news…
ASIC still has teeth: Lucy
30 May 2006
ASIC has hit out at suggestions it is a toothless tiger that avoids going after the big fish of corporate Australia…
Two face trial over insurance allegations
30 May 2006
Two Victorian men who allegedly distributed builders’ warranty insurance for projects valued at more than $100 million have been committed to stand trial in the Victorian County Court…
Diligence doesn’t win Adler a reprieve
23 May 2006
Despite the improved behaviour of former HIH Insurance director Rodney Adler while behind bars, he has been unsuccessful in his appeal to have his jail sentence overturned…
APRA disqualifies HIH non-executive directors
23 May 2006
The Australian Prudential Regulation Authority has announced the disqualification of HIH directors Justin Gardener and Alexander Gorrie from being or acting as directors…
Brad Cooper comes clean
23 May 2006
HIH business associate Brad Cooper has applied to the NSW Supreme Court for leniency in his sentence after being found guilty of charges related to the collapse of the insurer…
APRA proposes revision on insurance reporting
23 May 2006
APRA has released updated draft reporting forms and instructions for regulated general insurers…
Regulators gain funding boost
16 May 2006
The Australian Securities and Investments Commission and the Australian Prudential Regulation Authority have received additional funding in the Federal Budget…
Sydney brokers on ASIC charges
16 May 2006
Former Sydney insurance brokers Paul and Richard Blundell of Blundell & Associates have been committed to face the District Court on 18 charges following an investigation…
APRA releases new standards
09 May 2006
The Australian Prudential Regulation Authority has released new governance standards for life and general insurance companies…
ASIC questionnaire granted extension
09 May 2006
The Australian Securities and Investments Commission is urging all investors in the Westpoint mezzanine project to complete an online questionnaire so investigations…
Regulation costs: how much is too much?
02 May 2006
Large insurers are paying up to $60 million a year to comply with regulatory measures imposed by the financial services watchdogs, according to the Insurance Council of Australia…
Regulator gets more regulation
02 May 2006
Who would have thought it? The prudential regulator itself is facing more stringent regulation with the passing of new legislation effective from July next year…
Regulation not enough: Clitheroe
02 May 2006
Financial media personality and Financial Literacy Foundation Chairman Paul Clitheroe says regulation alone isn’t enough to prevent another large-scale corporate collapse…
iPlus under ASIC watch
02 May 2006
The financial services watchdog has taken Federal Court action in Perth against iPlus Risk Management and its directors Michael Andersen and John Pizzey to prevent them from…
ASIC speculation runs rife
26 April 2006
A newspaper report suggesting ASIC Chairman Jeffrey Lucy will step down before the end of his three-year contract has caused some speculation this week…
Yep: APRA thinks Treasury is wrong
11 April 2006
It’s confirmed – APRA thinks the Federal Treasury’s plan to regulate direct offshore foreign insurers and discretionary mutual funds is unworkable…