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Regulatory & Government

Court imposes penalty over anti-hawking breach

27 February 2023

The Southport Magistrates Court in Queensland has imposed a $70,000 penalty over a breach of anti-hawking laws following an investigation by the Australian Securities and Investments Commission...

Queensland begins workers' compensation review

27 February 2023

An independent review of the Queensland workers’ compensation scheme will include an examination of its performance, how psychological injuries are managed and other emerging issues...

NZ Parliament passes Earthquake Commission overhaul bill

27 February 2023

New Zealand’s Parliament has passed the Natural Hazards Insurance Bill, which replaces and simplifies Earthquake Commission legislation and introduces a number of changes recommended by a public inquiry into the handling of Christchurch claims...

Find a fairer way: ICA launches ESL election campaign

13 February 2023

The Insurance Council of Australia has made NSW’s controversial Emergency Services Levy an election issue by demanding that whoever wins the state vote on March 25 finds “a fairer way”...

ASIC permanently bans Sweeney Insurance director

13 February 2023

The Australian Securities and Investments Commission has permanently banned Sydney-based Sean Sweeney from providing any financial services after he was convicted of fraud offences in November...

NSW building panel explores options for Mascot Tower owners

13 February 2023

NSW Building Commissioner David Chandler will lead an expert panel to explore all options including remediation for owners of Mascot Towers, which remains too dangerous to be occupied because of structural problems...

Tasmanian Government extends flood grants

13 February 2023

The Tasmanian state government has opened grants for private homeowners and not-for-profit sport and recreational organisations damaged by floods last October...

APRA targets insurance affordability challenge

06 February 2023

The Australian Prudential Regulation Authority will keep up with its ongoing work on addressing insurance affordability and availability issues as part of its supervision priorities for the year...

NIBA makes case for household mitigation funding

06 February 2023

Expanding the Federal Government’s $1 billion Disaster Ready Fund to include funding for household-level mitigation works in areas prone to catastrophes would lead to “positive effects” on insurance premiums, the National Insurance Brokers Association says in a pre-budget submission...