Treasurer Scott Morrison announced that he has directed the Productivity Commission to conduct an inquiry into competition in Australia’s financial system, with a report expected on: the need for further reform and improved oversight of the life insurance...
In Budget Paper No. 2, the budget includes an allocation of $7.9 million over four years from 2017-18 to the ACCC, which will assist the ACCC to “monitor and report on prices, costs and profits in the insurance market for home, contents and strata insurance in...
The Australian Competition and Consumer Commission (ACCC) has released terms of reference for its inquiry into the supply of home, contents and strata insurance in Northern Australia. Matters to be considered by the inquiry include: the pricing and availability of...
On 20 April 2016, the Government announced that it would introduce an industry funding model for ASIC, commencing in the second half of 2017. The ASIC Supervisory Cost Recovery Levy Regulations 2017 which came into effect from 1 July 2017 have now been passed which...
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