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The National Insurance Brokers Association (NIBA) has provided a submission to the Treasury's Quality of Advice Review arguing that the existing conflicted remuneration exemption for general insurance brokers should be retained.
Consultation has now begun with the Tasmanian Government looking to reintroduce a Home Warranty Insurance scheme.
The Federal Government’s Cyclone Reinsurance Pool legislation was passed through the Senate, paving the way for the establishment of a Reinsurance Pool to cover property damage, as a result of a declared cyclone event and/or related flooding.
NIBA welcomes the Federal Government’s 2022-23 budget announcement of $268 million to protect Australians from the impacts of extreme weather.
Applications are now open for Flood Recovery Rental Support payments of up to $18,000 to help flood-affected residents in highly-impacted areas with the costs of short-term rental accommodation.
The Federal Government has announced an extension to wage subsidy programs until 30 June 2022. Members may be eligible to receive a wage subsidy up to 50% for apprentices in their first year.
NIBA has provided a submission to the Senate Economics Legislation Committee’s hearing on the Treasury Laws Amendment (Cyclone and Flood Damage Reinsurance Pool) Bill 2022.
The National Insurance Brokers Association (NIBA) has provided a submission on the Treasury’s Quality of Advice Review Draft Terms of Reference.
The Federal Government this week introduced legislation to establish a reinsurance pool for cyclone and related flood damage in northern Australia.
NIBA is currently seeking member feedback on the draft terms of reference to inform its submission to Treasury by Friday 28 January