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COMPLIANCE NEWS – INSURERS

OCTOBER ISSUE | 2020 This month we look at the resumption of the Reserve Bank’s review of the Insurance (Prudential Supervision) Act 2010 and the Financial Markets Authority’s Supervisions Insights Report. We also provide our general update on relevant legislation. INSURANCE (PRUDENTIAL SUPERVISION) ACT 2010…

COMPLIANCE NEWS – INSURERS

SEPTEMBER ISSUE | 2020 This month we look at the Finance and Expenditure Select Committee’s amendments to the Financial Markets (Conduct of Institutions) Amendment Bill, a Court of Appeal decision that clarifies the law on fraudulent claims, a class-action filed against a major Australian bank,…

COMPLIANCE NEWS – INSURERS

AUGUST ISSUE | 2020 This month we look at the enactment of the Privacy Act 2020, the Financial Markets Authority’s (FMA) latest short-term priorities, and changes to the updated FMA levies. We also provide our general update on relevant legislation. PRIVACY ACT 2020 The Privacy…

COMPLIANCE NEWS – INSURERS

JULY ISSUE | 2020 This month we look at disclosure requirements under the new financial advice regime, a Financial Markets Authority (FMA) consultation paper about licensing under the new financial advice regime, FMA proceedings against ANZ, progress with new privacy legislation, and the Reserve Bank…

COMPLIANCE NEWS – INSURERS

JUNE ISSUE | 2020 This  month we look at the FMA’s conduct expectations for insurers during COVID-19, health and safety at COVID-19 Alert Level 2, and the decision to boost the FMA’s funding with increased levies. We also provide our general update on relevant legislation….

COMPLIANCE NEWS – INSURERS

MAY ISSUE | 2020 This month we look at the FMA’s continued focus on conduct regulation, health and safety guidelines for workplaces opening during COVID-19 Alert Level 3, a comprehensive list of deferred regulatory initiatives issued by the Council of Financial Regulators, and the new…

COMPLIANCE NEWS – INSURERS

MARCH ISSUE | 2020 This month we look at Rob Everett, Chief Executive of the FMA’s speech to the Financial Services Council, recent legislative progress for the Conduct of Institutions regulations and Fair Trading Act amendments, and a reminder about financial advice licensing. We also…

TRADE ASSOCIATION NEWSLETTER

FEBRUARY ISSUE | 2020 In this edition we look at proposed updates to the Fair Trading Act 1986 rules against unfair conduct and the criminalisation of cartel behaviour in the Commerce Act 1986.  We also take a look at incoming changes to privacy law and…