The NSW Parliament recently passed a Bill to reform the Home Building Compensation scheme to allow competition into the market. “We...
Regulation
Reforms to HBCF loom
NSW reforms third-party claims
New laws allowing third party claimants to recover directly from insurers has come into force in NSW from 1 June. The...
New NSW FESL delayed
The NSW Government has today (30 May) delayed introducing the Fire and Emergency Services Levy (FESL) indefinitely after concerns that small...
New requirements for consumer information in NSW ESL re ...
The NSW Emergency Services Levy Insurance Monitor has issued new requirements for giving premium comparison information to consumers, impacting on what...
icare reveals workers comp scheme agents
EML, GIO and Allianz have been selected as scheme agents following a selection process by NSW icare; with CGU and QBE...
Insurers make good behaviour pledge on ESL
Australia’s major insurers have pledged to not apply the Emergency Services Levy when it is removed on 1 July 2017, according...
Victoria to look into class actions and litigation fund ...
Victoria Government has asked its Law Reform Commission to have a close look at class actions, litigation funding and group proceedings....
CGU to withdraw from NSW workers comp
CGU will be pulling out of the reformed NSW workers compensation scheme only recently set up by icare. CGU is currently...
Higher standards for financial advisers to commence
The Minister for Revenue and Financial Services, Kelly O’Dwyer MP, announced today that new requirements to raise the competency and ethical...
ESL Notices: Are you complying?
The Emergency Service Levy Insurance Monitor has expressed concern about the relatively poor rate of broker compliance with a recent Notice...
Complaint v Breach – what do you do?
A verification program by the Insurance Brokers Code Compliance Committee (IBCCC) has revealed several topics where brokers are looking for guidance...
NIBA welcomes clarity in third party claims on insuranc ...
NSW plaintiffs should be able to have direct access to the insurer where proceedings against the defendant is not possible or...
Review of whistleblower protections launched
Financial Services Minister Kelly O’Dwyer has today launched a consultation on reforms of whistleblower protections in the corporate and taxation areas....
Regulatory trends for 2017
With government inquiries and reforms proposed for the financial and insurance sector, what will brokers have to be aware of for...