insuranceNEWS.com.au - Regulatory & Government

Court puts back Eric wind-up bid

Mon, 01 Sep 2025 04:45:41 GMT

The Federal Court has adjourned an application to wind up Eric Insurance to allow creditors time to consider an alternative pathway...

ASIC puts priority on premium transparency

Mon, 01 Sep 2025 04:45:32 GMT

The financial services regulator will focus on premium accuracy and transparency and the use of cash settlements as part of its updated corporate plan...

Insurers resist ‘special levy’ on CSLR shortfall

Mon, 01 Sep 2025 04:45:21 GMT

General insurers say they should not be forced to help pay for an almost $50 million funding shortfall in the Compensation Scheme of Last Resort...

Pool group to offer SME risk mitigation discounts

Mon, 01 Sep 2025 04:44:45 GMT

The Australian Reinsurance Pool Corporation has set out its strategic priorities to 2029, saying it will continue working with insurers and government to make cover more affordable and communities more resilient...

Reconstruction body faces flood response probe

Mon, 01 Sep 2025 04:43:51 GMT

NSW MPs have launched an inquiry into the state’s disaster recovery agency, focusing on its response to extreme weather events including east coast floods in May, Ex-Tropical Cyclone Alfred and the 2022 inundation in the Central West region...

State launches CTP, lifetime care scheme reviews

Mon, 01 Sep 2025 04:39:33 GMT

NSW policymakers have opened a review of the state’s compulsory third party insurance scheme...

Farmers receive more drought resilience funding

Mon, 01 Sep 2025 04:39:21 GMT

A $43.2 million federal and state support package will help NSW farmers strengthen their resilience to drought and make climate adaptations...

APRA consults on reporting standard updates

Thu, 28 Aug 2025 23:41:21 GMT

Regulators are seeking feedback on proposed changes to prudential and reporting standards for general and life insurers...

Labor brings forward mortgage guarantee extension

Mon, 25 Aug 2025 04:48:11 GMT

An expansion of the program guaranteeing low-deposit loans for first home buyers so they do not need lenders’ mortgage insurance will be brought forward to October, the federal government says...

APRA seeks ‘right balance’ on regulation

Mon, 25 Aug 2025 04:19:08 GMT

The prudential watchdog says “getting the balance right” on regulations is one of four strategic priorities this financial year, in line with federal efforts to ease the compliance burden...

NZ plans building defect liability overhaul

Mon, 25 Aug 2025 04:19:00 GMT

New Zealand has announced building reform plans that include adopting proportionate liability and exploring options such as home warranties to address defects...

Company sentenced after worker crushed by loader

Mon, 25 Aug 2025 04:18:33 GMT

An asphalt company has been fined after a worker was crushed to death by a loader driven by a colleague during end-of-day drinks...

Watchdog warns over faulty drains

Mon, 25 Aug 2025 04:18:14 GMT

Victorian authorities have urged plumbers to ensure drainage work is compliant after nearly one-third of projects were flagged during recent checks...

Northern Rivers buyback program tops 900 home offers

Mon, 18 Aug 2025 04:39:11 GMT

The NSW Reconstruction Authority has settled on 699 flood buyback properties in the Northern Rivers region under the Resilient Homes Program...

ICA joins push for red tape cuts

Mon, 18 Aug 2025 04:39:03 GMT

The Insurance Council of Australia is part of an alliance of business groups and associations calling for red tape reductions as Treasurer Jim Chalmers prepares to host this week’s Economic Reform Roundtable...

Victorian workplace hazard fines rise 10%

Mon, 18 Aug 2025 04:38:50 GMT

Health and safety prosecutions by WorkSafe Victoria led to court-ordered fines totalling $12.4 million last financial year...

NSW weighs train ban for e-bikes, scooters

Mon, 18 Aug 2025 04:38:32 GMT

The NSW government is consulting on a proposal to temporarily ban e-bikes, e-scooters and other lithium-ion battery transport devices from train services...

Productivity Commission weighs in on climate resilience

Mon, 11 Aug 2025 04:49:16 GMT

The Productivity Commission has proposed the creation of a resilience rating system for housing to ease pressure on home premiums as climate change intensifies...

Queensland council offers home risk assessments

Mon, 11 Aug 2025 04:49:08 GMT

City of Gold Coast will give 40 homeowners free resilience assessments under a partnership with the Resilient Building Council...

New workers’ comp bill ‘undermines democratic process’

Mon, 11 Aug 2025 04:48:05 GMT

The Law Society of NSW has attacked the state government’s introduction of a second bill designed to revamp workplace injury laws...