insuranceNEWS.com.au - Regulatory & Government

WA builder collapse to trigger warranty claims

Mon, 15 Sep 2025 04:10:32 GMT

A WA regulator has told homeowners affected by the collapse of Tingey Development Group to contact builders’ warranty insurer QBE...

ASIC extends distribution rule relief

Mon, 15 Sep 2025 04:09:50 GMT

General insurance providers have been granted an extended exemption from appointing product distributors as authorised representatives...

Victoria passes construction reforms

Mon, 15 Sep 2025 04:09:37 GMT

Victorian building reform legislation that is part of a broader program to improve protections passed state parliament last week...

State moves ahead with illicit tobacco clampdown

Mon, 15 Sep 2025 04:09:26 GMT

The NSW parliament has passed a bill cracking down on the illegal trade of tobacco and vaping products...

Mulino’s European tour to inform response to insurance challenges

Mon, 08 Sep 2025 03:41:27 GMT

Assistant Treasurer and Financial Services Minister Daniel Mulino will join an insurer delegation to Europe as he considers the “best ways” to deal with issues around affordability and availability of cover...

ASIC seeks to ease regulatory ‘chilling effect’

Mon, 08 Sep 2025 03:41:16 GMT

The corporate regulator is consulting on ways to cut red tape, to build on its push to “simplify and ease” the regulatory burden on businesses...

NZ bans cover for environmental breach fines

Mon, 08 Sep 2025 03:41:06 GMT

New Zealand has made it illegal for insurers to cover fines or penalties imposed for breaches of the Resource Management Act, affecting statutory liability claims...

icare lifts building scheme premiums

Mon, 08 Sep 2025 03:21:41 GMT

State insurer icare has raised premium rates in three NSW Home Building Compensation Fund categories to reflect underlying risk experience...

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...