The Australian Prudential Regulation Authority (confidentiality) determination No. 2 of 2017 was made and registered with the Federal Register of Legislation on 22 June 2017. It determines that certain information provided to APRA under specified reporting standards...
An inquiry is being conducted into Australia’s general insurance industry. On 20 June 2017, the Senate granted an extension to the committee to report by 10 August 2017. See the Senate Standing Committee on Economics’ home page. For a full summary of the issues, email...
The Government has introduced the new industry funding model for the Australian Securities and Investments Commission (ASIC), with the ASIC Supervisory Cost Recovery Levy Bill 2017 and related bills receiving passage through the Senate. It is the Regulations that...
The ASIC Enforcement Review Taskforce has released position and consultation papers on the following which warrant close review by industry in relation to their impact: ASIC’s Access to Telecommunications Intercept Material This contains proposed reforms to enhance...
The Monitor has issued a new version of the s30 Notice. The notice previously published on 12 May 2017 is now withdrawn and there is no need to send this notice out to policyholders. Unfortunately, it appears to us that the new notice serves little useful purpose in...
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