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Regulatory & Government

Lawyers, union slam NSW workers’ comp overhaul

19 May 2025

Proposed measures to tackle the “financial deterioration” of NSW’s workers’ compensation scheme have drawn criticism from lawyers, unions, mental health advocates and other stakeholders...

ASIC to extend rules for incidental retail cover

19 May 2025

The Australian Securities and Investments Commission plans a five-year extension of rules that simplify obligations and reduce the regulatory burden when retail cover is bought “incidental” to business insurance...

NZ minister hails completion of key flood defences

12 May 2025

The New Zealand government says spillway infrastructure that opened at the weekend in Edgecumbe represents one of the country’s largest completed flood resilience projects of recent times...

Proudfoot becomes consumer watchdog CEO

05 May 2025

The Australian Competition and Consumer Commission says Sarah Proudfoot has been appointed CEO after holding the role on an acting basis since February...

NSW, ACT join forces on weather warnings

05 May 2025

The NSW State Emergency Service will issue ACT severe weather warnings under an agreement with the territory’s Emergency Services Agency, to ensure consistent cross-border messaging...

ICA wants advice statement exemption in reforms

05 May 2025

The Insurance Council of Australia has urged Treasury to include in its draft advice bill a provision in relation to statement of advice exemption for general insurance products...

Scouts ACT calls for public insurance option

28 April 2025

A government-backed insurance scheme should be established in the Australian Capital Territory to provide affordable cover to community organisations, says Scouts ACT, as insurance costs reach a quarter of its operational budget...

UK regulator to open Australia office in July

28 April 2025

Britain’s Financial Conduct Authority is setting up an office in Australia in July to oversee its activities in the Asia Pacific region as part of a new strategy to support UK financial services firms...