insuranceNEWS.com.au - Regulatory & Government

Funeral group fined $3.5 million after ASIC appeal

Mon, 14 Jul 2025 03:50:59 GMT

The Federal Court has imposed a $3.5 million penalty against ACBF Funeral Plans for misrepresenting that it was Aboriginal-owned or managed...

Broker banned after fraud rap

Mon, 14 Jul 2025 03:50:51 GMT

The corporate watchdog has permanently banned former NSW broker Jason Prasad after he was convicted of fraud...

Cyclone pool claims top $650 million

Mon, 14 Jul 2025 03:50:42 GMT

The cyclone pool has received 78,372 claims since its inception, with 88% related to Cyclone Jasper, a quarterly report shows...

Rowell takes SIRA deputy chair role

Mon, 14 Jul 2025 03:50:41 GMT

The NSW State Insurance Regulatory Authority has appointed Helen Rowell as deputy chair and Lynelle Briggs as an independent board member...

NZ regulator ‘ready to play part’ in anti-scam alliance

Mon, 14 Jul 2025 03:50:32 GMT

New Zealand’s Financial Markets Authority has backed a cross-sector initiative to fight scammers...

SIRA regulatory priorities send ‘clear signal’

Mon, 07 Jul 2025 04:47:54 GMT

The NSW State Insurance Regulatory Authority has outlined its priorities for the financial year, aligning with a three-year strategy announced in February...

ICA calls on territory to pursue strata reforms

Mon, 07 Jul 2025 04:47:34 GMT

The Insurance Council of Australia has urged the ACT to introduce strata transparency laws and help drive better building repairs and maintenance oversight by owners’ committees...

Broker loses licence over missed ASIC levy payment

Mon, 07 Jul 2025 03:57:06 GMT

Downunder Insurance Services’ licence has been cancelled after it failed to pay levies to the Australian Securities and Investments Commission...

State building regulator up and running ahead of reforms

Mon, 07 Jul 2025 03:56:54 GMT

Victoria’s new Building and Plumbing Commission has begun operations, as the state moves to plug gaps in construction industry regulation...

More NSW strata reforms kick in

Mon, 07 Jul 2025 03:56:36 GMT

A further tranche of NSW strata reforms has taken effect this month, with the latest changes flowing from a 2021 statutory review...

Motor trades body rejects updated smash repair code

Mon, 07 Jul 2025 03:56:12 GMT

The Motor Trades Association of Australia says a draft version of the revised smash repair code fails to address issues around fairness and it will not support the proposed changes...

Extra flood support for west Queenslanders

Mon, 07 Jul 2025 03:56:00 GMT

A joint state and federal initiative will provide $45.7 million to help western Queensland communities recover from floods earlier this year...

‘Genuine beliefs’ key to AFCA approach on misrepresentation

Mon, 30 Jun 2025 04:13:56 GMT

The Australian Financial Complaints Authority has released new guidelines on how it will approach disputes around misrepresentation and disclosure...

NZ broker admits ‘devastating’ client theft

Mon, 30 Jun 2025 04:13:42 GMT

An insurance broker who said he would invest elderly clients’ funds but spent the money and issued false statements has pleaded guilty to theft...

CBL finance chief penalised for disclosure breach

Mon, 30 Jun 2025 04:13:21 GMT

New Zealand’s High Court has ordered CBL Group’s former finance head Carden Mulholland to pay more than $NZ1.2 million ($1.1 million) in penalties and legal costs following continuous disclosure breaches...

Tasmanian motor body reveals election wish list

Mon, 30 Jun 2025 04:12:09 GMT

The Tasmanian Automotive Chamber of Commerce has made 18 recommendations to government ahead of the state election...

Prudential changes fail to weigh cost, insurers say

Mon, 30 Jun 2025 04:11:54 GMT

Only 31% of surveyed general insurers feel changes to the prudential framework have sufficiently considered the cost of regulations imposed on industry...

State pledges $280 million resilience boost

Mon, 30 Jun 2025 04:11:17 GMT

Queensland has put an extra $280 million over four years into high-priority disaster resilience and mitigation projects...

Scores of projects unfinished as WA builders collapse

Mon, 30 Jun 2025 04:09:33 GMT

Homeowners in WA have been advised to contact QBE regarding their home indemnity cover after two residential builders entered liquidation this month...

MPs extend inquiry into workers’ comp shake-up

Mon, 23 Jun 2025 04:46:22 GMT

The NSW government’s workplace mental injury law reforms have been put on hold after a parliamentary committee extended its inquiry into the plans...