insuranceNEWS.com.au - Regulatory & Government

Hazards body takes reinsurance past $NZ10 billion mark

Tue, 10 Jun 2025 01:51:21 GMT

New Zealand’s Natural Hazards Commission Toka Tu Ake has secured a $NZ1.15 billion ($1.07 billion) increase to its reinsurance protection...

Coalition fills key frontbench roles

Mon, 02 Jun 2025 03:25:11 GMT

The federal opposition has named Nationals MP Pat Conaghan as shadow assistant treasurer and financial services spokesman...

State holds workers’ comp rates under ‘balanced approach’

Mon, 02 Jun 2025 03:24:59 GMT

Victoria’s average WorkCover premium will stay at 1.8% next financial year...

Builder wipes out convictions and fines

Mon, 02 Jun 2025 03:24:47 GMT

A builder who was fined more than $470,000 over allegations of unlicensed and uninsured residential building work has had an annulment application granted on the matters...

ASIC consults on relief extension

Mon, 02 Jun 2025 03:24:40 GMT

The corporate regulator is inviting feedback on plans to remake the ASIC Corporations (Basic Deposit and General Insurance Product Distribution) Instrument 2015/682...

NSW confirms strata commissioner role

Mon, 02 Jun 2025 03:23:59 GMT

NSW Fair Trading has appointed Angus Abadee as strata and property services commissioner, as the state strives to improve standards in the sector...

Victoria tackles fall risks after 36 worker deaths in five years

Mon, 02 Jun 2025 03:23:30 GMT

WorkSafe Victoria warns it is cracking down on employers to prevent catastrophic falls and has this year referred dozens of construction businesses for possible legal action...

WA commission chief to step down

Mon, 02 Jun 2025 03:23:04 GMT

Insurance Commission of WA CEO Rod Whithear is to retire from the role overseeing personal injury cover for motorists and state government self-insurance arrangements...

RACQ ‘not vigorous competitor’, watchdog says

Mon, 26 May 2025 04:19:50 GMT

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...

Jasper the costliest pre-Alfred storm for cyclone pool

Mon, 26 May 2025 04:19:41 GMT

The cyclone reinsurance pool received 9399 claims between its launch and the end of last year, with a total incurred value of $121 million, an update shows...

Victoria flags rising insurance tax haul

Mon, 26 May 2025 04:19:28 GMT

Victoria expects to collect about $2.3 billion in insurance taxes next financial year, according to the state government’s latest budget...

icare imposes top workers’ comp rate rise

Mon, 26 May 2025 04:19:12 GMT

NSW employers will pay 8% more on average for workers’ compensation cover next financial year...

Inquiry draws blank on NSW worker injury overhaul

Mon, 26 May 2025 04:19:00 GMT

A NSW parliamentary inquiry into proposed changes to workplace injury compensation laws has made no recommendations...

Landlords in crosshairs as state takes on tobacco trade

Mon, 26 May 2025 04:18:40 GMT

The Queensland government has announced a crackdown on landlords who knowingly lease properties to illegal tobacco and vape retailers...

Lawyers, union slam NSW workers’ comp overhaul

Mon, 19 May 2025 04:53:30 GMT

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...

‘Bureaucratic nightmare’: Assetinsure warns on building cover reform

Mon, 19 May 2025 02:53:54 GMT

Proposed changes to Victoria’s building insurance system will lead to higher premiums and should be put on hold to allow industry consultation, Assetinsure says...

ASIC to extend rules for incidental retail cover

Mon, 19 May 2025 02:53:40 GMT

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...

NSW rolls out new safety framework for e-scooters

Mon, 19 May 2025 02:53:24 GMT

New speed limits and a review of road rules and other regulations for e-scooters will be introduced in NSW to improve safety...

Flood-hit businesses offered $15 million grant pot

Mon, 19 May 2025 01:40:44 GMT

The Queensland government has helped establish a $15 million recovery fund for small businesses reeling from floods in the state’s north earlier this year...

Mulino named Financial Services Minister

Mon, 12 May 2025 05:01:47 GMT

Prime Minister Anthony Albanese has today named Daniel Mulino as Assistant Treasurer and Financial Services Minister...