The Terrorism Insurance Amendment Regulations 2017 amends the Terrorism Insurance Regulations 2003 and will commence on 1 July 2017. The Regulations implement recommendation nine of the Terrorism Insurance Act Review: 2015 to extend the terrorism insurance scheme to...
The General Insurance Code of Practice Governance Committee has released its General Insurance Code of Practice Industry Data Report for 2015-16 (the Report) which provides an overview of code compliance based on industry data supplied by subscribers to the General...
In December 2015, the report of the ASIC Capability Review made a number of findings about ASIC. Of relevance, recommendation 28 states as follows: ‘ASIC to proactively develop opportunities to enhance the use of co-regulation for selected groups of the regulated...
ASIC has announced the establishment of the Financial Advisers Consultative Committee (FACC), designed to improve industry engagement with the regulator as part of ASIC’s ongoing commitment to enhancing its engagement with its stakeholders. ASIC Deputy Chairman...
On 20 April 2016, the Government announced that it would introduce an industry funding model for the Australian Securities and Investments Commission (ASIC) to recover ASIC’s regulatory costs though annual levies and fees-for-service on industry, commencing in...
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