NIBA / Representation
ASIC REP 813 ASIC released REP 813: R egulatory
NIBA called for the creation of sector- based regulatory roadmaps that clearly distinguish between general and sector-specific obligations and consolidate relevant laws, regulations, and relief instruments in a single, navigable structure. ASIC’s focus on regulatory simplification mirrors a broader trend in government, with with Treasurer Jim Chalmers asking financial services regulators to undertake a deep dive on ways to simplify and streamline financial services regulation and the appointment of Senator Andrew Bragg as Shadow Minister for Productivity and Deregulation.
Simplification , supporting ASIC’s efforts to improve the clarity and usability of its regulatory materials. NIBA provided a submission to the consultation, supporting ASIC’s initiative to streamline regulatory materials and improve engagement with industry. The submission noted that complex and fragmented guidance has created unnecessary compliance costs and uncertainty for licensees, particularly in insurance broking, where obligations are often sector-specific and dispersed across multiple documents. NIBA at WorkCover WA Conference NIBA was delighted to attend the recent WorkCover WA Conference, which was built around the theme of ‘Amplifying Impact’ . The program featured thought-provoking keynotes, panels, and interactive sessions,
all underscoring the importance of collaboration in ensuring the long- term sustainability of WA’s workers compensation scheme.
Throughout the year, NIBA has continued to engage closely with WorkCover WA, reinforcing the vital role brokers play as trusted advisers to clients and as partners to insurers and underwriters.
Representing NIBA was Board Director Brett Piggott, pictured here with WorkCover WA CEO Chris White, alongside industry leaders Caroline Jackman Managing Principal, PSC Perth, PSC Insurance Group, and Maria Kozak, Managing Principal, Mercer Marsh Benefits.
NIBA .COM.AU / 9
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