Regulatory & Government
09 September 2019
Creating a government-backed cyclone insurance pool for northern Queensland could worsen problems at the expense of taxpayers, Suncorp says in a submission to the Australian Competition and Consumer Commission..
09 September 2019
NSW Better Regulation Minister Kevin Anderson says 553 NSW buildings still require detailed assessment over flammable cladding concerns...
09 September 2019
A ban on “uncontrolled” dry-cutting of material containing crystalline silica is now in effect in Victoria as the state government ramps up efforts to protect workers from deadly exposure...
09 September 2019
The proposed mandatory comprehensive credit reporting regime will help lenders’ mortgage insurers improve risk pricing, the Insurance Council of Australia says in a submission to Treasury...
09 September 2019
Insurance & Care NSW has contracted UK communications provider BT to protect its customer data and business operations from cyber threats...
02 September 2019
A coalition of consumer advocates wants the Government to take further its unfair contract terms (UCT) reform agenda for the insurance industry...
02 September 2019
The Insurance Council of Australia says a two-year transition will be needed to prepare for the extension of unfair contract term laws to the sector...
02 September 2019
The Australian Financial Complaints Authority has offered to assist in the use of a tough new product intervention power that aims to prevent consumer harm...
02 September 2019
Two consumer law firms have wholeheartedly backed plans by the corporate regulator to ban unsolicited telephone sales of direct life insurance and consumer credit insurance...
02 September 2019
Allianz Australia will regularly review its products and processes after agreeing to refund more than $8 million to purchasers of consumer credit insurance products that offered little value...
02 September 2019
Malicious or criminal attacks were the largest source of data breaches last quarter and the health and finance sectors were the most targeted, latest national figures show...
02 September 2019
Australian Securities and Investments Commission Chairman James Shipton says an over-reliance on disclosure has not served consumers well and the regulator will use expanded powers to take more forceful action where necessary...
02 September 2019
The corporate regulator has approved changes to allow the Australian Financial Complaints Authority to name the financial companies involved in consumer disputes...
02 September 2019
Outmoded business models may expose the general insurance industry to viability issues over the medium term, the Australian Prudential Regulation Authority warns...
02 September 2019
Australian Prudential Regulation Authority Chairman Wayne Byres has warned companies will be given less leeway as it takes a more demanding approach...
02 September 2019
The State Insurance Regulatory Authority is inviting people and organisations in NSW who have been directly involved in the process of claiming for work-related hearing loss to provide feedback via an online form...
26 August 2019
Insurers say the proposed regulation of product responsibility is based on a definition that doesn’t reflect the way they operate...
26 August 2019
The corporate regulator needs to make it easier for insurers to identify complaints trends and issues as part of changes to the internal dispute resolution scheme, a consumer group says...
26 August 2019
Centre Alliance SA Senator Rex Patrick has announced plans to reintroduce a bill to ban the entry of flammable cladding materials into the country when Parliament resumes...
26 August 2019
The Victorian Building Authority has suspended a surveyor who was found to have approved the installation of combustible cladding on the external wall of a building in the state...