| What Broker Breach Reporting Means for Fitness Professionals Fri, 19 Jun: New broker compliance data has put a spotlight on an issue that matters to every fitness professional who relies on public liability, professional indemnity or broader business insurance: renewal timing and communication. On 18 June 2026, Insurance Business reported that the Insurance Brokers Code Compliance Committee`s 2025 Annual Data Report recorded 5,417 breaches of the Insurance Brokers Code of Practice affecting 14,842 clients. - read more
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| Late Insurance Renewals Put Consultant Cover in the Spotlight Fri, 19 Jun: Australian consultants rely on timely, accurate insurance renewals to keep professional indemnity, public liability and other business covers aligned with current contracts. A recent annual compliance update from the insurance broking sector has underlined why renewal discipline matters: missed or late renewal contact was reported as the leading category of broker code breaches for the past year. - read more
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| Why GIS Project Tracking Matters for Construction Insurance Fri, 19 Jun: Build Australia’s latest construction technology coverage, published on 16 June 2026, highlights how geographic information systems, or GIS, are moving beyond digital mapping to become a practical project tracking tool for modern construction sites. The report frames GIS as a way to connect dispersed teams, complex schedules, site conditions and operational data into a shared spatial view, helping project leaders make faster and better-informed decisions. - read more
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| Sphere Liquidation Highlights Why Broker Due Diligence Matters Fri, 19 Jun: The liquidation of authorised representative network Sphere Insurance Group has put broker governance and client continuity back under the spotlight. According to early estimates reported by Insurance News, the failed network could owe more than $11 million to creditors, including insurers, underwriting agencies and a secured lender. The figures are preliminary and based on company records, with the liquidator still investigating the group’s financial position. - read more
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| New Sydney Boat Show Could Change the Buying Journey Fri, 19 Jun: Australia’s boating calendar is set for a major shake-up, with Informa preparing to launch the Australian International Boat Show at Sydney’s Darling Harbour from 29 July 2027. The event is planned across ICC Sydney and Cockle Bay, combining a large indoor exhibition for trailer boats, engines, marine technology, accessories and services with an on-water showcase for larger vessels. - read more
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| Road User Charge Fight Highlights Cashflow Risks for Truck Operators Fri, 19 Jun: NatRoad has renewed its push for the Federal Government to extend the heavy vehicle Road User Charge suspension beyond its scheduled end on 30 June 2026, warning that a return of the levy from 1 July 2026 would add another cost shock for transport businesses already dealing with fuel volatility. - read more
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| New CGT threshold may reshape growth plans for Australian SMEs Fri, 19 Jun: The Federal Government’s latest small business tax adjustment could give thousands of growing Australian SMEs more breathing room when planning expansion, succession or an eventual sale. The key change is an increase to the turnover threshold for the small business 50 per cent active asset capital gains tax concession, moving it from $2 million to $10 million. - read more
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| Fresh Caravan Finance Guidance for Buyers in 2026 Fri, 19 Jun: Australian caravan buyers have a fresh reminder this week that the loan behind the dream can be just as important as the van itself. Canstar’s caravan finance guidance, updated on 18 June 2026, reinforces that many caravan loans operate much like personal loans, with borrowers repaying a set amount over an agreed term, plus interest and any fees. - read more
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| What the June RBA Rate Hold Means for Cosmetic Surgery Borrowers Fri, 19 Jun: The Reserve Bank of Australia’s latest decision gives borrowers a short breather, but not a green light to rush into new debt. On 16 June 2026, the Monetary Policy Board left the cash rate target unchanged at 4.35%, with the setting taking effect from 17 June 2026. - read more
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| New BIA President Points to a Growing Australian Boating Market Thu, 18 Jun: The Boating Industry Association has marked a significant leadership milestone, electing Tracy Souris as its new Board Chair and President on 12 May 2026. Souris becomes the first woman to lead the organisation since it was established in 1960, taking over from Adam Smith after his six years of service on the BIA Board. - read more
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| Anna Spink to Lead BHSI's Marine Division in Australasia Wed, 17 Jun: Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Anna Spink to Head of Marine, Australasia. This strategic move underscores BHSI's commitment to bolstering its marine insurance operations across the region. - read more
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| Quay Marine Insurance Joins Forces with AXA XL as Coverholder Wed, 17 Jun: Quay Marine Insurance has been appointed as a Coverholder for XL Insurance Company SE (XLICSE), a subsidiary of AXA XL, marking a significant milestone in its mission to provide tailored marine insurance solutions across Australia. - read more
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| IAG Resolves $4 Billion Greensill Lawsuit Wed, 17 Jun: Insurance Australia Group (IAG) has reached a confidential settlement in the $4 billion lawsuit initiated by Greensill Bank AG and its insolvency administrator. This legal action stemmed from disputes over insurance coverage related to Greensill's financial products. - read more
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| Decline in Market Share for Australian Insurers' Business Packages Wed, 17 Jun: A recent analysis by Macquarie has revealed a significant decline in the domestic business package market share held by Australian insurers, dropping to approximately 48% in the fiscal year 2025 from nearly 67% a decade ago. - read more
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| Suncorp's Strategic Reinsurance Placement Elevates Market Position Wed, 17 Jun: Suncorp has successfully secured up to AU$2.4 billion in reinsurance protection over five years, leading to a significant 10% increase in its share value. This strategic move is expected to bolster the company's fiscal 2026 growth outlook, with projected gross written premium growth of 3% across its Australia and New Zealand operations. The reinsurance arrangement, effective from June 30, is designed to cap natural hazard costs in approximately 90% of scenarios, thereby reducing earnings volatility. - read more
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| RBA Maintains Cash Rate at 4.35%, Hints at Possible Future Increases Wed, 17 Jun: The Reserve Bank of Australia (RBA) has decided to keep the cash rate steady at 4.35% during its June 2026 meeting, following three consecutive rate hikes earlier this year. This decision reflects the central bank's assessment of a slowing economy due to tighter financial conditions. However, the RBA has signalled that further rate increases may be necessary to manage persistent inflationary pressures. - read more
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| APRA's System Risk Outlook Emphasises Australia's Financial Resilience Wed, 17 Jun: The Australian Prudential Regulation Authority (APRA) has released its latest System Risk Outlook, highlighting the resilience of Australia's financial system amidst intensifying global risks. The report underscores the system's preparedness to withstand severe downside scenarios, including a deep global recession combined with higher funding costs and operational disruptions. - read more
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| ASIC Initiates Legal Action Against Equity Trustees for Onboarding Failures Wed, 17 Jun: The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against Equity Trustees Superannuation Limited, alleging failures in care, skill, and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. Over $65 million was invested in First Guardian between June 2023 and March 2024 by approximately 2,700 members of NQ Super & Pension, a division of the AMG Superannuation Fund for which Equity Trustees was the trustee. - read more
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| Understanding the Impact of New Regulations on Cosmetic Nurses' Insurance Wed, 17 Jun: The Australian cosmetic nursing industry has experienced significant growth, driven by increasing demand for non-surgical cosmetic procedures such as injectables and skin treatments. This expansion has led to heightened scrutiny and the implementation of new regulations aimed at ensuring patient safety and professional accountability. - read more
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| Guild Insurance and EML Group Announce Strategic Partnership Wed, 17 Jun: Guild Insurance and EML Group have announced a strategic partnership aimed at strengthening their collective ability to deliver high-quality insurance and claims solutions across Australia. This collaboration introduces a new ownership structure for Guild Insurance, with EML Group leading alongside Guild Group, representing the Pharmacy Guild of Australia, which remains a key shareholder. - read more
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| ACT Eliminates Stamp Duty for First Home Buyers Wed, 17 Jun: In a landmark move, the Australian Capital Territory (ACT) government has announced the abolition of stamp duty for all first home buyers, effective from July 1, 2026. This initiative positions the ACT as the first jurisdiction in Australia to eliminate this tax for first-time purchasers, regardless of property value or income level. - read more
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| Tasmania's Stamp Duty Exemption for First Home Buyers Nears End Wed, 17 Jun: As the June 30, 2026, deadline approaches, Tasmania's first home buyers are racing to finalize property purchases before the expiration of the state's stamp duty exemption. This exemption, which has been instrumental in assisting first-time buyers by reducing upfront costs, is set to conclude without extension. - read more
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| APRA and ASIC Advocate for TPD Insurance Reforms Wed, 17 Jun: The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly called on life insurers to take decisive action to address mounting sustainability pressures in the Total and Permanent Disability (TPD) insurance market. This appeal follows a high-level industry roundtable discussion involving senior executives from 19 insurers and reinsurers, as well as representatives from Treasury and the Council of Australian Life Insurers (CALI). - read more
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| Surge in Life Insurance Disputes Linked to TPD and Disability Claims Wed, 17 Jun: Recent data from the Australian Prudential Regulation Authority (APRA) reveals a significant concentration of disputes in the life insurance sector, with Total and Permanent Disability (TPD) and disability income insurance (DII) claims accounting for 88% of all disputes. This trend underscores the pressing need for both insurers and policyholders to closely examine the factors contributing to these disputes and seek solutions to enhance the claims process. - read more
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| Rising Delays in Income Protection Payments Concern Regulators Wed, 17 Jun: Recent findings from the Life Insurance Code Compliance Committee (Life CCC) have revealed a concerning 67% increase in violations related to the timely payment of income protection benefits during the 2024-25 financial year. This surge has raised alarms about the industry's adherence to its own standards and the impact on policyholders. - read more
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Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
