(Current as at 30 June 2017) BACKGROUND Group purchasing bodies (GPBs) are persons who arrange for the issue of or for a person to be covered by risk management products for others (general and life insurance products, but not general insurance arranged with an...
The Home Building Amendment (Compensation Reform) Act 2017 No. 28 (NSW) was assented to on 27 June 2017. The objects of the Act are to: enable insurance against loss arising from non-completion of residential building work or breach of statutory warranties for...
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...
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