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Brokers give IPART strong support
3 July 2008
Insurance brokers have wholeheartedly welcomed the NSW Independent Pricing and Regulatory Tribunal's (IPART) draft report recommending the abolition of the fire services levy and reduction of stamp duties on insurance products.
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Another fire insurance tax hike unfair, say brokers
1 July 2008
The National Insurance Brokers Association (NIBA) says the Victorian Government's decision to further increase fire services levies (FSL) on insurance premiums, is making insurance a luxury for many households already struggling under the weight of fuel prices and high interest rates.
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Our voice in the world
5 June 2008
In a globalised world industries need to speak increasingly with a single voice before key regulatory and supervisory players. With the World Federation of Insurance Intermediaries (WFII) we have this single voice. There is certainly a push among the regulators internationally, assisted by the International Society of Securities Commissions, to have relatively uniform legislation. And as we've seen from recent reports the new Federal Government has commenced discussions in the United States regarding mutual recognition in the finance sector.
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Deadline for DOFI law start-up extended
2 June 2008
The National Insurance Brokers Association (NIBA) welcomed a decision by the Federal Government to defer the deadline for the introduction of new reporting requirements for brokers placing business with direct offshore foreign insurers (DOFIs) for an additional three months.
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Reform should stop states' $3.7 billion 'tax on tax'
19 May 2008
National Insurance Brokers Association Chief Executive Noel Pettersen has called on the Federal Government to include taxes on insurance premiums in its mooted 'root and branch' review of the taxation system, saying the time has come for the states to loosen their tax stranglehold on insurance premiums.
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