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Showing 1 - 10 of 201 results for "Indemnity"

AFCA to update rules on new genetic testing laws

KARREN VERGARA  |  TUESDAY, 2 JUN 2026
... the complainant was misinformed about the cover. The exception would also cover the complaint relating to a medical indemnity insurance product or relates to an allegation of the soliciting or use of protected genetic information by a life insurer. Some ...

Sequoia delays dividend amid InterPrac sale uncertainty

ELIZA BAVIN  |  THURSDAY, 14 MAY 2026
... latter taking on all assets and liabilities of the troubled advice practice. InterPrac currently has a professional indemnity (PI) insurance policy worth $20 million covering the failures of Shield and First Guardian.

Sequoia abandons InterPrac sale

KARREN VERGARA  |  FRIDAY, 1 MAY 2026
... latter taking on all assets and liabilities of the troubled advice practice. InterPrac currently has a professional indemnity (PI) insurance policy worth $20 million covering the failures of Shield and First Guardian. Going forward, Sequoia's board ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... levy of $47.3 million may be divvied up across superannuation funds and SMSFs. He may also rope in the professional indemnity insurance (PII) sector. Mulino also promised to publish an options paper early this year on the post-implementation reform of ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
... post-sale. He is also currently the head of legal, risk and compliance at Sequoia. InterPrac currently has a professional indemnity (PI) insurance policy worth $20 million covering the failures of Shield and First Guardian. Sequoia said it believes the ...

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
... advisers to act in their client's best interests, meet minimum education and competency standards, and carry professional indemnity insurance to ensure compensation in cases of professional misconduct and participate in an external complaints resolution ...

Shadow Minister for Financial Services Pat Conaghan resigns

ELIZA BAVIN  |  THURSDAY, 22 JAN 2026
... collapses. In December he criticised Minister for Financial Services Daniel Mulino's suggestion that the professional indemnity insurance (PII) sector be made to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable. ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... impairment is expected to include a provision for potential claims under the insurance excess payable under its professional indemnity insurance. It will also include impairment of intangible assets pertaining to the licensee and adviser services division. ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
The professional indemnity insurance (PII) sector will be forced to play a bigger role in making the Compensation Scheme of Last Resort (CSLR) sustainable, Assistant Treasurer Daniel Mulino proposes, as the Opposition slams the scheme for "constantly ...

ASIC suspends MW Planning AFSL over missing responsible manager

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
... period, MW Planning must remain a member of the Australian Financial Complaints Authority and maintain professional indemnity insurance cover, ASIC said. MW Planning has the right to apply to the Administrative Review Tribunal for a review. MWL Financial ...
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