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Regulatory & Government

Last resort compo scheme, FAR legislation introduced

13 March 2023

Legislation for the proposed compensation scheme of last resort and the Financial Accountability Regime was introduced in the House of Representatives last week, bringing the commencement of the last tranche of Hayne royal commission-backed measures a step closer to fruition...

Queensland reviews CTP scheme

06 March 2023

Queensland’s Motor Accident Insurance Commission has released a discussion paper seeking feedback on ways to improve the sustainability of the state’s compulsory third party motor insurance scheme...

VBA supports further research into mould damage

06 March 2023

The Victorian Building Authority has backed a research project from the University of Sydney into moisture resilience as it continues to take on the issue of water ingress and mould damage...

Reforms powering up Consumer Data Right raise red flags

06 March 2023

The Insurance Council of Australia has warned expanding the Consumer Data Right to the sector could have adverse consequences if key issues aren’t considered, as a Senate Committee considers a parliamentary bill to power up the information-sharing regime...

ASIC launches first greenwashing court proceedings

06 March 2023

The Australian Securities and Investments Commission has launched its first court action alleging greenwashing conduct after highlighting it as an enforcement priority area for this year...

Northern Rivers residents offered first buybacks

27 February 2023

Some flood-affected homeowners in NSW’s Northern Rivers region have received initial offers for home buybacks from the Northern Rivers Reconstruction Corporation as part of a joint federal and state government initiative...