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Regulatory & Government

NSW building inquiry targets cladding in final report

11 May 2020

A NSW Upper House inquiry into the state’s troubled building industry has made 22 recommendations in its final report, including 11 that outline how the Government should handle the flammable cladding crisis...

Slavery reporting deadline extended for companies

11 May 2020

The Federal Government has given companies including insurers a three-month deadline extension for reporting on actions to address modern slavery risks, while calling for increased vigilance on the issue during the COVID-19 pandemic...

SIRA draft standard seeks fast COVID-19 responses

11 May 2020

The NSW State Insurance Regulatory Authority wants insurers working within the state’s workers’ compensation scheme to be "flexible and adaptable" in handling claims involving healthcare workers suffering from COVID-19...

Workers’ comp schemes clarify JobKeeper payment status

11 May 2020

Workers’ compensation scheme regulators in NSW, Victoria, Queensland and SA have provided clarity on the status of payments received from the $130 billion JobKeeper wage subsidy program, Willis Towers Watson says...

ASIC flags intention to collect COVID claims data

04 May 2020

The Australian Securities and Investments Commission has flagged its intention to collect data on insurance claims related to the coronavirus outbreak once immediate pressures subside...

SIRA consults on coronavirus-related claims

04 May 2020

The State Insurance Regulatory Authority says it is consulting on a standard of practice that will set expectations for insurers handling COVID-19 related workers’ compensation claims...

ASIC prioritises 'insurance-related misconduct'

04 May 2020

The enforcement office of the corporate regulator will prioritise "matters related to misconduct in insurance" out to 2021, the latest update from the Australian Securities and Investments Commission says...

Bushfire inquiry submissions window closing

27 April 2020

The timeframe for individuals and organisations to make a submission about the 2019-20 bushfire season to the Royal Commission into National Natural Disaster Arrangements closes tomorrow...

Businesses seek clarity over JobKeeper payment status

27 April 2020

Workers’ compensation scheme regulators have been asked to clarify whether payments from the $130 billion JobKeeper wage subsidy scheme fall under the category of “declarable remuneration” for the purpose of calculating premium...

Switched off: CTP relief drive sidelined

27 April 2020

Calls from consumer group One Big Switch for reductions in compulsory third party premiums appear to have made little headway, as NSW and Victoria say they have measures in place to help households weather the financial crunch sparked by the virus pandemic...

ASIC action against Youi sends a warning

20 April 2020

The Australian Securities and Investments Commission has launched Federal Court action against insurer Youi over the handling of a hail damage claim, as it takes a tougher legal approach in its regulation...

Federal Court ruling will embolden AFCA: lawyer

20 April 2020

The Federal Court applied a "very narrow view of judicial power" when it rejected a superannuation fund’s appeal against a ruling made by the Australian Financial Complaints Authority, according to law firm Allens...