insuranceNEWS.com.au - Regulatory & Government

Move to reform ‘essential’ last resort compo scheme

Mon, 24 Aug 2026 04:42:24 GMT

The Compensation Scheme of Last Resort “remains an essential backstop” for consumers, Financial Services Minister Daniel Mulino says, as the federal government moves to fix the under-pressure program...

NZ regulator flags oversight failings in add-on cover sales

Mon, 24 Aug 2026 04:42:17 GMT

A regulatory review of add-on insurance in New Zealand has found shortcomings that disadvantage consumers, singling out oversight of distribution partners as a pressing area of concern...

Watchdog accuses Subaru of repairer competition breaches

Mon, 24 Aug 2026 04:42:08 GMT

The competition regulator has launched Federal Court proceedings against Subaru Australia over alleged breaches of the Motor Vehicle Service and Repair Information Sharing Scheme...

Submissions open for NSW lawyers’ PI inquiry

Mon, 24 Aug 2026 04:41:57 GMT

The NSW parliamentary inquiry into solicitors’ professional indemnity insurance is calling for submissions by September 15...

ACCC clamps down on ‘false’ fire extinguisher marketing

Mon, 24 Aug 2026 04:41:36 GMT

The consumer watchdog will maintain surveillance of lithium battery fire extinguisher suppliers after discovering some have made potentially false or misleading representations about safety compliance...

Flood cover gap blows out in highest-risk areas, cyclone pool finds

Mon, 17 Aug 2026 04:03:14 GMT

Home flood insurance take-up among exposed properties in northern Australia is estimated at 65%, dropping to 33% where there is extreme risk, research shows...

Bank faces record penalty over cybersecurity failings

Mon, 17 Aug 2026 04:03:07 GMT

Bendigo and Adelaide Bank faces an $8 million fine over failings that enabled a hacker to make more than 280 unauthorised transactions from customer accounts...

Cyber inquiry seeks SME feedback on risk, defences

Mon, 17 Aug 2026 04:02:30 GMT

Australia’s first federal inquiry focused on cybersecurity challenges facing SMEs is seeking input from business owners, as it examines whether they have the resources and support to withstand attacks...

Resilient homes scheme makes ‘real difference’ in flood zones

Mon, 17 Aug 2026 04:02:23 GMT

The Queensland Resilient Homes Fund has proven an effective recovery program for householders affected by floods, a review of the scheme has found...

State readies for high-threat bushfire season

Mon, 17 Aug 2026 04:01:47 GMT

NSW is stepping up preparations for the bushfire season, warning there is “high potential for a challenging summer, with forecasts indicating an increased likelihood of above-average temperatures and below-average rainfall”...

NZ central bank consults on prudential levy

Mon, 17 Aug 2026 04:01:31 GMT

Insurers, banks and financial market intermediaries have been told they will pay a prudential levy to the Reserve Bank of New Zealand by about mid-2027...

ACT motor scheme under review

Mon, 17 Aug 2026 04:01:22 GMT

A review of the ACT compulsory third party motor insurance scheme will consider if it is improving outcomes for injured people...

Peak body urges adaptation focus in climate transition

Mon, 17 Aug 2026 04:01:11 GMT

Emissions reduction is essential but “will not prevent many of the climate impacts already locked into the system”, the Insurance Council of Australia says in a renewed push for increased government spending on mitigation...

Inquiry reviews PI options for solicitors

Mon, 10 Aug 2026 04:50:04 GMT

A NSW parliamentary committee will examine the potential to introduce competition into the market for solicitors’ professional indemnity insurance...

‘Peace of mind’ for apartment owners as state backs defects cover

Mon, 10 Aug 2026 04:49:49 GMT

The NSW parliament has passed legislation allowing provision of decennial liability insurance for new apartment buildings...

Farms demand dingo pack protection

Mon, 10 Aug 2026 04:44:31 GMT

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...

Pilot programs tackle psychosocial hazards in key sectors

Mon, 10 Aug 2026 04:44:12 GMT

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...

ICA to launch campaign as levy debate continues

Mon, 03 Aug 2026 04:15:26 GMT

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...

Carnival death prompts ride safety laws overhaul

Mon, 03 Aug 2026 04:15:19 GMT

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...

'Historic deployment' as NSW firefighters head to France

Mon, 03 Aug 2026 04:15:10 GMT

Firefighters from NSW and a Chinook waterbombing helicopter are travelling to Europe at the request of the French government...