Public service veteran joins AFCA board
01 August 2022
The Australian Financial Complaints Authority has appointed outgoing Australian Competition and Consumer Commission Deputy Chair Delia Rickard to its board...
Regulatory & Government
SIRA completes early stages of CTP insurer profit assessment
01 August 2022
NSW’s State Insurance Regulatory Authority says it has finished a preliminary review into its evaluation of whether CTP insurer profits should be recouped and returned to NSW drivers...
Funds allocated for silicosis, black lung disease research
01 August 2022
The Queensland Government has allocated more than $3 million in research grants to help prevent and treat occupational dust lung diseases...
APRA seeks feedback on new operational resilience standard
01 August 2022
The prudential regulator is proposing a new standard to strengthen operational resilience in the insurance, banking and superannuation industries, and has launched a discussion paper seeking submissions...
ICA backs NSW Labor's proposed flood resilience package
25 July 2022
The Insurance Council of Australia says NSW Labor’s plan to invest $225 million in flood protection schemes in Western Sydney is a “welcome first step” towards securing adequate community resilience...
AFCA to host member forum
25 July 2022
Australian Financial Complaints Authority Chief Ombudsman and CEO David Locke will provide an update on major projects and initiatives underway at a two-day virtual forum this week...
NZ regulator seeks feedback on standard conditions for new conduct regime
25 July 2022
The Financial Markets Authority is consulting on six proposed standard conditions in preparation for a new conduct regime that is expected to commence in early 2025...
New Victorian service for workers' comp disputes to start in September
25 July 2022
Victoria has set up an arbitration service to resolve workers’ compensation disputes, commencing on September 1...
NZ prudential supervision review making 'good progress': regulator
25 July 2022
The Reserve Bank of New Zealand is making “good progress” with its review of the Insurance Prudential Supervision Act, the central bank says in an update...
APRA removes remaining capital penalty on Allianz
18 July 2022
The Australian Prudential Regulation Authority has removed the remaining $150 million additional capital penalty it imposed on Allianz Australia for lapses in risk governance...
SIRA cuts workers' compensation surgeon fees
18 July 2022
The NSW State Insurance Regulatory Authority has introduced workers’ compensation changes to reduce costly surgeon fees to market rates...
NSW announces support for Mascot Tower owner-investors
18 July 2022
The NSW Government will extend financial aid to eligible apartment owner-investors of the turbulent Mascot Towers building...
icare targets relief for flood-hit areas
18 July 2022
Five northern NSW local government areas affected by this year’s flooding catastrophe will benefit from fast-tracked eligibility applications for home building compensation insurance...
AFCA expands internal leave scheme
18 July 2022
The Australian Financial Complaints Authority has announced extensions to its parental leave policy and the introduction of gender affirmation leave for its employees...
NSW consults on proposed home building scheme reforms
11 July 2022
NSW’s State Insurance Regulatory Authority has released a discussion paper in relation to its proposed measures to improve the home building compensation insurance scheme...
APRA seeks insurer executive package disclosure feedback
11 July 2022
The Australian Prudential Regulation Authority has opened consultation on new remuneration disclosure and reporting requirements it wants to introduce for insurers...
AFCA activates significant event response plan for floods
11 July 2022
The Australian Financial Complaints Authority has activated its significant event response plan for the NSW storms and floods...
FMA confirms new enforcement head
11 July 2022
New Zealand regulator the Financial Markets Authority has promoted Acting Head of Enforcement Margot Gatland to the position permanently...
WA funds hazard reduction activity to cut bushfire risk
11 July 2022
The WA government has provided nearly $5 million to local governments to fund the building of fire breaks, reduction of fuel loads and hazard reduction burns during the cooler months...
APRA finalises cyclone pool standard amendments
04 July 2022
The Australian Prudential Regulation Authority has finalised capital adequacy standard amendments required as a result of the new government-backed cyclone reinsurance pool for northern Australia...