ACCC prepares for merger rule reform
10 March 2025
The competition watchdog had released guidance ahead of tougher merger notification laws, and has warned it will be on the lookout for anti-competitive acquisitions during the transition period...
Regulatory & Government
Assessor signs off icare’s three-year reform program
10 March 2025
Independent assurer Promontory Australia has issued a closure memo for NSW state insurer icare’s program to improve accountability, culture, performance and other areas...
Victoria lines up workers’ comp overhaul
10 March 2025
The Victorian government has introduced a bill to strengthen its workers’ compensation scheme following an independent review of the state’s claims management...
NSW sets up silica taskforce for tunnel works
10 March 2025
The NSW government will create an expert taskforce to address silica-related risks to workers on tunnelling projects...
Cyclone pool coverage tops 3 million buildings
03 March 2025
The cyclone reinsurance pool provides cover for 3.1 million buildings with a total exposure of almost $2.17 trillion, a quarterly report shows...
Workers’ comp scammer forced to repay $114k
03 March 2025
A Victorian man who took a $200,000-a-year business manager role while receiving $114,952 in workers’ compensation has been convicted of fraud and told to repay the money...
CBL finance head breached disclosure laws
03 March 2025
Former CBL Group CFO Carden Mulholland breached market continuous disclosure laws, New Zealand’s High Court has found in a landmark decision...
ARPC reduces terror retrocession
03 March 2025
The Australian Reinsurance Pool Corporation has reduced its terrorism retrocession program for this year, partly reflecting risk assessment changes...
Drone sniffs out danger at fire sites
03 March 2025
Fire and Rescue NSW has launched drones that can “smell” fire...
Grant scheme to bolster Queensland coastal defences
03 March 2025
The Queensland government has launched a $6 million fund for coastal councils to protect against ocean-driven erosion, storm tide inundation and rising sea levels...
Coalition flags cuts to capital, regulatory burden
24 February 2025
The Insurance Council of Australia has backed the Coalition’s pre-election pledge to ease the industry’s capital requirements and compliance costs...
Henry slams Labor, Libs over ‘nuts’ approach to tax reform
24 February 2025
Former Treasury secretary Ken Henry has repeated his call for the scrapping of “nuisance” taxes such as those levied on insurance...
ASIC consults on reduced reporting burden for minor breaches
24 February 2025
The Australian Securities and Investments Commission is seeking feedback on a plan to reduce the reporting burden on financial services licensees...
State urged to toughen planned claims farming ban
24 February 2025
The NSW government’s proposed ban on claims farming does not go far enough, the Insurance Council of Australia says...
SCA proposes WA strata commissioner
24 February 2025
Strata Community Association WA has called for $10 million of funding over four years for a state strata commissioner, and has urged all sides of politics to continue legislative reform...
Taskforce to oversee NSW strata rule changes
24 February 2025
A strata and property services taskforce will enforce a suite of NSW reforms taking effect this year, the state government says...
NSW battery standards kick in
24 February 2025
NSW has implemented its Australian-first information standard for lithium-ion battery mobility products and the first stage of product safety standards to help address fire risks...
State insurer takes over home construction claims from GB
17 February 2025
NSW state insurer icare is bringing builders’ warranty claims handling in-house in a bid to create a “more efficient, personalised, and streamlined” service...
SIRA puts ‘customers at centre’ of three-year plan
17 February 2025
NSW’s State Insurance Regulatory Authority has outlined its aims for the next three years...
Queensland to step up dangerous battery collections
17 February 2025
The Queensland government has launched a $2 million program to increase battery collection points and address growing fire risks...