insuranceNEWS.com.au - Regulatory & GovernmentGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auInquiry reviews PI options for solicitorshttps://www.insurancenews.com.au/regulatory-government/inquiry-reviews-pi-options-for-solicitorshttps://www.insurancenews.com.au/regulatory-government/inquiry-reviews-pi-options-for-solicitors<p>A NSW parliamentary committee will examine the potential to introduce competition into the market for solicitors&rsquo; professional indemnity insurance...</p>Mon, 10 Aug 2026 04:50:04 GMT‘Peace of mind’ for apartment owners as state backs defects coverhttps://www.insurancenews.com.au/regulatory-government/peace-of-mind-for-apartment-owners-as-state-backs-defects-coverhttps://www.insurancenews.com.au/regulatory-government/peace-of-mind-for-apartment-owners-as-state-backs-defects-cover<p>The NSW parliament has passed legislation allowing provision of decennial liability insurance for new apartment buildings...</p>Mon, 10 Aug 2026 04:49:49 GMTFarms demand dingo pack protectionhttps://www.insurancenews.com.au/regulatory-government/farms-demand-dingo-pack-protectionhttps://www.insurancenews.com.au/regulatory-government/farms-demand-dingo-pack-protection<p>Farmers in northern NSW are calling on the state government to provide insurance against livestock losses if stronger legal protections for dingoes lead to more attacks on stock...</p>Mon, 10 Aug 2026 04:44:31 GMTPilot programs tackle psychosocial hazards in key sectorshttps://www.insurancenews.com.au/regulatory-government/pilot-programs-tackle-psychosocial-hazards-in-key-sectorshttps://www.insurancenews.com.au/regulatory-government/pilot-programs-tackle-psychosocial-hazards-in-key-sectors<p>WorkSafe Victoria will invest $6.9 million in four industry trials aiming to reduce psychological injuries in high-risk areas and shape future health and safety policies...</p>Mon, 10 Aug 2026 04:44:12 GMTICA to launch campaign as levy debate continueshttps://www.insurancenews.com.au/regulatory-government/ica-to-launch-campaign-as-levy-debate-continueshttps://www.insurancenews.com.au/regulatory-government/ica-to-launch-campaign-as-levy-debate-continues<p>The Insurance Council of Australia will tomorrow launch a campaign calling on the NSW Parliament to scrap the insurance tax and deliver a fairer way to fund emergency services...</p>Mon, 03 Aug 2026 04:15:26 GMTCarnival death prompts ride safety laws overhaulhttps://www.insurancenews.com.au/regulatory-government/carnival-death-prompts-ride-safety-laws-overhaulhttps://www.insurancenews.com.au/regulatory-government/carnival-death-prompts-ride-safety-laws-overhaul<p>The death of a six-year-old who was flung from a ride at a Victorian beachside carnival in 2017 has led to amusement industry reforms, WorkSafe says...</p>Mon, 03 Aug 2026 04:15:19 GMT'Historic deployment' as NSW firefighters head to Francehttps://www.insurancenews.com.au/regulatory-government/historic-deployment-as-nsw-firefighters-head-to-francehttps://www.insurancenews.com.au/regulatory-government/historic-deployment-as-nsw-firefighters-head-to-france<p>Firefighters from NSW and a Chinook waterbombing helicopter are travelling to Europe at the request of the French government...</p>Mon, 03 Aug 2026 04:15:10 GMTRescue teams enjoy communications upgradehttps://www.insurancenews.com.au/regulatory-government/rescue-teams-enjoy-communications-upgradehttps://www.insurancenews.com.au/regulatory-government/rescue-teams-enjoy-communications-upgrade<p>NSW is spending $7.7 million upgrading internet and satellite connections for emergency service volunteers...</p>Mon, 03 Aug 2026 04:14:56 GMTSIRA creates workers’ comp reform guidehttps://www.insurancenews.com.au/regulatory-government/sira-creates-workers-comp-reform-guidehttps://www.insurancenews.com.au/regulatory-government/sira-creates-workers-comp-reform-guide<p>An online guide to changes in the NSW workers&rsquo; compensation scheme has been published...</p>Mon, 03 Aug 2026 04:14:46 GMTCanberra consults over add-on cover rule exemptionshttps://www.insurancenews.com.au/regulatory-government/canberra-consults-over-add-on-cover-rule-exemptionshttps://www.insurancenews.com.au/regulatory-government/canberra-consults-over-add-on-cover-rule-exemptions<p>Federal Treasury is seeking feedback on draft regulations to keep some &ldquo;high consumer value&rdquo; add-on insurance products exempt from the deferred sales model&rsquo;s four-day pause rule...</p>Mon, 27 Jul 2026 05:08:46 GMTOmbudsman cautions industry on advice failingshttps://www.insurancenews.com.au/regulatory-government/ombudsman-cautions-industry-on-advice-failingshttps://www.insurancenews.com.au/regulatory-government/ombudsman-cautions-industry-on-advice-failings<p>The number of insurance disputes handled by New Zealand&rsquo;s financial services ombudsman remained steady this year while other industries surged...</p>Mon, 27 Jul 2026 04:56:20 GMTAiBEC, building regulator team up on repairs guidehttps://www.insurancenews.com.au/regulatory-government/ai-bec-building-regulator-team-up-on-repairs-guidehttps://www.insurancenews.com.au/regulatory-government/ai-bec-building-regulator-team-up-on-repairs-guide<p>Building Commission NSW has produced a guide to assessing, planning and delivering insurance repairs and reinstatement work on class 2 buildings...</p>Mon, 27 Jul 2026 04:43:48 GMTNZ accident body appoints new chief as turnaround continueshttps://www.insurancenews.com.au/regulatory-government/nz-accident-body-appoints-new-chief-as-turnaround-continueshttps://www.insurancenews.com.au/regulatory-government/nz-accident-body-appoints-new-chief-as-turnaround-continues<p>New Zealand&rsquo;s Accident Compensation Corporation has appointed former Earthquake Commission boss Sid Miller as chief executive....</p>Mon, 27 Jul 2026 04:43:26 GMTCorporate watchdog flags bigger levy on industryhttps://www.insurancenews.com.au/regulatory-government/corporate-watchdog-flags-bigger-levy-on-industryhttps://www.insurancenews.com.au/regulatory-government/corporate-watchdog-flags-bigger-levy-on-industry<p>The insurance sector is expected to contribute $23.838 million in levies to fund the Australian Securities and Investments Commission&rsquo;s supervision work in 2025-26...</p>Mon, 20 Jul 2026 04:46:09 GMTPool keeps up Alfred payoutshttps://www.insurancenews.com.au/regulatory-government/pool-keeps-up-alfred-payoutshttps://www.insurancenews.com.au/regulatory-government/pool-keeps-up-alfred-payouts<p>The Australian Reinsurance Pool Corporation continued to receive and pay claims for cyclones that hit last year during the March quarter...</p>Mon, 20 Jul 2026 04:46:02 GMTSA workers’ comp to change claims line-up after 15-year runhttps://www.insurancenews.com.au/regulatory-government/sa-workers-comp-to-change-claims-line-up-after-15-year-runhttps://www.insurancenews.com.au/regulatory-government/sa-workers-comp-to-change-claims-line-up-after-15-year-run<p>ReturnToWorkSA expects to provide an update on its search for new workers&rsquo; compensation claims managers early next year...</p>Mon, 20 Jul 2026 04:45:53 GMTCommission notches record $830 million in penaltieshttps://www.insurancenews.com.au/regulatory-government/commission-notches-record-830-million-in-penaltieshttps://www.insurancenews.com.au/regulatory-government/commission-notches-record-830-million-in-penalties<p>The corporate regulator says its enforcement work secured a record $830 million of civil penalty orders against companies including super trustees in 2025-26...</p>Mon, 20 Jul 2026 04:44:09 GMTRiver restoration aids recovery, protection in flood-hit regionhttps://www.insurancenews.com.au/regulatory-government/river-restoration-aids-recovery-protection-in-flood-hit-regionhttps://www.insurancenews.com.au/regulatory-government/river-restoration-aids-recovery-protection-in-flood-hit-region<p>Nearly $7 million worth of resilience projects have begun to protect farmland and water quality and improve the sustainability of southeast Queensland&rsquo;s Scenic Rim...</p>Mon, 20 Jul 2026 04:43:33 GMTRegulators reveal plan to meet expectationshttps://www.insurancenews.com.au/regulatory-government/regulators-reveal-plan-to-meet-expectationshttps://www.insurancenews.com.au/regulatory-government/regulators-reveal-plan-to-meet-expectations<p>The Australian Prudential Regulation Authority and the Australian Securities and Investments Commission have set out statements of intent showing how they will meet government expectations...</p>Mon, 20 Jul 2026 04:43:20 GMTAPRA finalises reinsurance framework overhaulhttps://www.insurancenews.com.au/regulatory-government/apra-finalises-reinsurance-framework-overhaulhttps://www.insurancenews.com.au/regulatory-government/apra-finalises-reinsurance-framework-overhaul<p>The prudential regulator has finalised its position on a revised reinsurance framework to support access to catastrophe bonds and other stop-loss options for general insurers...</p>Mon, 13 Jul 2026 04:49:32 GMT