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Regulatory & Government

Suncorp warns against Queensland cyclone pool plan

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..

ICA backs credit reporting changes

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...

Malicious or criminal attacks top data breaches

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...

Shipton rejects over-reliance on disclosure

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...

Modernise or suffer, general insurers told

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...

SA senator keen to revive cladding ban bill

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...