ICA calls for clarity on information security standard
18 June 2018
The Insurance Council of Australia has outlined ways to improve CPS 234, a new prudential standard aimed at strengthening cyber resilience…
Regulatory & Government
WA passes workers’ comp payout reform
18 June 2018
The WA Government has passed legislation to increase compensation for family members of people killed at work…
icare service overhaul ‘lifts customer satisfaction’
18 June 2018
Insurance & Care NSW says customer satisfaction levels have jumped since it overhauled workers’ compensation systems that failed to meet expectations…
Brisbane unveils $12 million flood resilience plan
12 June 2018
Brisbane City Council has announced an industry-backed $12 million flood mitigation program…
ICA attacks industry funding consultation
12 June 2018
The Insurance Council of Australia has criticised the “poor process” used in a consultation on proposed financial institution supervisory levies for next financial year…
ACT allocates cash for new CTP scheme
12 June 2018
The ACT Government will spend $3.4 million next financial year implementing a new compulsory third party insurance scheme…
Victoria widens TAC benefits for cyclists
12 June 2018
New legislation in Victoria will allow cyclists to access Transport Accident Commission benefits if they are injured in crashes with stationary vehicles at any time…
AFCA consults on complaints process rules
12 June 2018
The Australian Financial Complaints Authority is seeking feedback on proposed rules covering its jurisdiction and complaints resolution process…
APRA standards strengthen actuary role
12 June 2018
The Australian Prudential Regulation Authority has released prudential standards designed to strengthen and clarify the appointed actuary role within insurers…
ARPC reappoints board trio
12 June 2018
Australian Reinsurance Pool Corporation board members Elaine Collins, Janet Torney and John Peberdy have been reappointed for three-year terms…
Hayne turns to regional insurance issues
04 June 2018
Regional communities’ issues with natural disaster insurance will be a focus of the Hayne royal commission’s fourth round of hearings, starting later this month…
NZ regulators leave door open for Hayne-style inquiry
04 June 2018
New Zealand has not ruled out holding an inquiry similar to Australia’s Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Sector…
Victoria steps up cladding audit
04 June 2018
The Victorian Building Authority has written to builders and property developers enquiring about the type of cladding they intend to use on buildings under construction…
Queensland to create regional disaster plans
04 June 2018
Queensland has unveiled a strategy to increase disaster resilience at a regional level through improved planning and co-ordination involving governments, business and the community…
NTC to establish telematics policy
04 June 2018
The National Transport Commission will create a best-practice model for regulatory telematics in heavy vehicles…
Byres urges change to exec pay metrics
04 June 2018
Wayne Byres wants the financial services sector to rely less on “narrow and mechanical shareholder” metrics to decide senior executives’ remuneration.
Bank fines fund new financial literacy body
04 June 2018
The Federal Government is to establish a new financial literacy body…
APRA to add second deputy chairman
04 June 2018
The Federal Government has announced the reappointment of Australian Prudential Regulation Authority (APRA) Deputy Chairman Helen Rowell, and the nomination of current Treasury Deputy Secretary John Lonsdale as an additional deputy chairman…
Industry given disclosure relief in AFCA transition
04 June 2018
Financial businesses have until July next year to update their mandatory disclosure documents and periodic statements with the Australian Financial Complaints Authority’s contact details…
ASIC seeks flexible product intervention powers
28 May 2018
A “broad, flexible” approach is the Australian Securities and Investments Commission’s preference if it is granted product intervention powers…