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Regulatory & Government

Canberra toughens up corporate crime penalties

23 April 2018

Penalties for corporate misconduct will be strengthened and the Australian Securities and Investments Commission given enhanced powers to investigate and punish white-collar crime, the Government says…

WA bushfire defences gain budget boost

23 April 2018

WA will allocate $80 million to its new Rural Fire Division – funded through a rise in the emergency services levy on council rates – and take further steps to reduce risks as it continues to respond to deadly bushfires two years ago…

ASIC steps up co-operation with jobs department

23 April 2018

The Australian Securities and Investments Commission (ASIC) and Department of Jobs and Small Business have signed a memorandum of understanding to foster closer co-operation…

ACCC appoints Deputy Chairman

23 April 2018

The Australian Competition and Consumer Commission has appointed Mick Keogh as Deputy Chairman for a five-year term, starting from the end of next month…

WA seeks feedback on injury scheme

23 April 2018

The Insurance Commission of WA will hold a forum with service providers to discuss ways to improve the Motor Vehicle Catastrophic Injuries Support scheme, which started in 2016…

NZ fire levy changes put back

16 April 2018

Controversial plans to change the way the New Zealand fire service levy is calculated have been delayed…

ICA defends lenders’ mortgage cover

09 April 2018

The Insurance Council of Australia has rejected suggestions lenders’ mortgage insurance is unnecessary and could be replaced with increased interest rates on loans that require the cover…

ASIC sets out obligations for cost-recovery regime

09 April 2018

The Australian Securities and Investments Commission says companies must access an online portal between July and September to submit or validate their business activity metrics, as part of its new cost-recovery program…

RAA fined over misleading advert

09 April 2018

RAA Insurance has been fined $43,200 by the Australian Securities and Investments Commission over misleading representations about car insurance in TV advertising…

Royal commission hears scale of CBA credit cover failures

26 March 2018

Commonwealth Bank mis-sold consumer credit insurance to about 64,000 customers who did not meet employment eligibility criteria for claims, the royal commission into financial services misconduct heard last week…