compliance

Policy & Regulation

Is ASIC under-funding the Super Complaints Tribunal?

The Australian Securities and Investments Commission is perceived as diverting funding away from external dispute resolution towards its own regulatory agenda, according ...

Editorial

Claims handling reality trumps perception

Mike Taylor writes that ASIC must deal in the complex realities of insurance claims handling, not the headline-making perceptions....

Life/Risk

APRA scrutinising CommInsure’s whistleblower handling

APRA is considering whether the whistleblowing provisions of the Life Insurance Act were adhered to in the CommInsure claims handling controversy....

Life/Risk

Name and shame bad insurers says lawyer

Life insurers who decline up to 37 per cent of TPD claims should have been named by ASIC, according to Maurice Blackburn Lawyers....

Life/Risk

CommInsure pays $2.5 million in claims under revised definitions

Under investigation by ASIC, CommInsure has paid claims totalling $2.5 million after updating its definitions....

Life/Risk

ASIC warns insurers on TPD handling

ASIC has delivered life insurers are relatively clean bill of health on claims handling but with significant caveats, particularly around TPD....

Superannuation

Super funds reject FOS model

Superannuation funds put a strong argument to the Government for rejecting the FOS model of external dispute resolution and retaining the Superannuation Complaints Tribun...

Policy & Regulation

Bankers positive on Parliamentary Committee outcome

The Federal Opposition may be painting the Parliamentary Committee inquiry into the banking industry as a damp squib but the Australian Bankers’ Association is accentuati...

Policy & Regulation

Auditor-General critical of ATO on revenue commitments

Amid Government efforts to reign in the Budget deficit, an Auditor General’s report says it is unclear whether the ATO has met its compliance-related revenue commitments....

Policy & Regulation

Single, industry-wide EDR scheme canvassed

The Government’s review of external disputes resolution schemes has canvassed simplification under a single scheme providing a one-stop-shop....

People & Products

Contango adds compliance expertise

Contango Asset Management has recruited Skye Radley as its compliance specialist ahead of its ASX listing later this month....

Funds management

Vanguard appoints new legal and compliance head

Vanguard Australia has appointed the former NAB head of risk and audit governance as their new head of legal and compliance. ...

Tools & guides

Section 912A 'Compliance’ or a recipe for running a successful business?

Grant Holley looks at how compliance is not just about obligations but rather ingredients for running a successful business. ...

Funds management

van Eyk collapse ends in Macquarie Investment Management penalty

Macquarie Investment Management has been subject to civil penalties in the NSW Supreme Court over its role as responsible entity for the van Eyk Blueprint funds....

Life/Risk

Premium increases the go-to option for stressed insurers

APRA has warned life insurers they are facing an image problem but the regulator’s stress-testing has revealed that premium increases are the industry’s tactic of first r...