05 June 2023
Queensland will receive $20 million in new funding from the Federal Government’s mitigation-focused Disaster Ready Fund to improve the resilience of properties in cyclone-prone areas, it was announced over the weekend...
05 June 2023
A former crane driver caught running a fitness studio while receiving workers’ compensation will be required to repay $61,000 after she pleaded guilty to fraudulently obtaining payments...
05 June 2023
Former High Court judge Kenneth Hayne, who led the royal commission into financial services sector misconduct, has warned of a “bad apples” multiplier effect from errant behaviour as he revisited key themes that emerged during his inquiry in 2018...
05 June 2023
The Federal Government has decided to put on hold the planned rollout of the Consumer Data Right regime to the insurance, superannuation and telecommunications sectors...
05 June 2023
New Zealand will commence work soon on a “voluntary buyout” scheme for properties in cyclone and flood-prone areas...
05 June 2023
The Financial Regulator Assessment Authority’s latest report on the effectiveness and capability of Australia's financial services regulators is to be provided to the relevant government minister this month and tabled in parliament...
29 May 2023
Assistant Treasurer and Financial Services Minister Stephen Jones has outlined the value of collaborative efforts between governments and insurers to gather risk data, to help address existing gaps in coverage for vulnerable communities...
29 May 2023
The general insurance industry is expected to contribute about $29.5 million in levies to support the Australian Prudential Regulation Authority’s operational costs in 2023/24, according to a Treasury consultation paper...
29 May 2023
Victoria says the progressive abolition of business insurance duty, announced in last week’s state Budget, will remove a handbrake on resilience, investment and growth...
29 May 2023
Treasurer Jim Chalmers has announced that Australian Competition and Consumer Commission Deputy Chair Mick Keogh has been reappointed to his role for five more years...
22 May 2023
The general insurance industry and wider financial services sector have been cautioned against slipping into complacency after the recent collapses of Silicon Valley Bank in the US and Swiss lender Credit Suisse...
22 May 2023
Victoria Premier Daniel Andrews has announced plans to reform the state’s compulsory builders’ warranty insurance (BWI) scheme after compliance gaps were found following the collapse of Porter Davis...
22 May 2023
The Tasmanian Government is offering assistance for people affected by the collapse of building companies as work continues on proposed legislation for a home warranty scheme...
22 May 2023
The New Zealand Government is investing $NZ6 billion ($5.6 billion) in the initial phase of a National Resilience Plan as the Auckland flooding and Cyclone Gabrielle up the ante on mitigation spending...
22 May 2023
The Australian Prudential Regulation Authority (APRA) has finalised new prudential requirements and guidance aimed at strengthening the preparedness of insurers, banks and superannuation funds to respond to a crisis...
22 May 2023
The Victorian Government has appointed Tracey Slatter as the new CEO of the Transport Accident Commission (TAC)...
15 May 2023
Funding for disaster and cyber resilience in the latest Federal budget, and an easing of the compliance burden for general insurers, has been welcomed by the industry...
15 May 2023
The New Zealand Budget will provide $NZ100 million ($93 million) in flood protection funding following the recent North Island extreme weather events...
15 May 2023
NSW state insurer icare has partnered with business-to-business payment protection solution Eftsure in a move to strengthen its payment security...
15 May 2023
Victorian Building Authority (VBA) CEO Sue Eddy has resigned with immediate effect as the regulator comes under heavy scrutiny after the collapse of builder Porter Davis...