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...
The Australian Prudential Regulation Authority (APRA) released a letter to all life insurers, which provides guidance on its interpretation of Prudential Standard LPS 230 Reinsurance (LPS 230), including its “approach to considering applications for approval of...
Treasurer Scott Morrision and Revenue and Financial Services Minister Kelly O’Dwyer have jointly announced the commencement of the third and final stage of the Productivity Commission’s review into Australia’s superannuation system. The final stage...
The state government handed down the State Budget 2017-18 on 20 June 2017. In the Budget Speech Treasurer Dominic Perrottet stated that, under the state budget from 1 January 2018 “small businesses with a turnover of less than $2 million will be exempt from...
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