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Regulatory & Government

RACQ ‘not vigorous competitor’, watchdog says

26 May 2025

The competition regulator has cleared IAG’s $855 million acquisition of RACQ Insurance after finding the Queensland business was “not a particularly vigorous competitor in recent times” and has been losing market share...

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...