Insurer self-reported non-compliance and pays over AU$21m (US$13.83m) for federal wages and entitlements, while settling AU$16.2m for state and territory long service leave entitlements.
Memorandum of Understanding covers areas including case referrals, joint investigations, mutual investigative assistance, and the exchange of information
Tribunal overturns ACCC's decision, paving way for AU$4.9bn (US$3.2bn) acquisition, with Group CEO commenting the move will significantly strengthen Suncorp's ability to meet evolving insurance needs.
At Parliamentary inquiry, Hall said some claims 'were not handled to the standard our industry strives to achieve,' but added that industry leaders were committed to improvements.
The IRDAI said Arbitration clause for all tariff-based contracts issued after 27 October 2023 were de-notified, changing a standard that has been in place since 2006.
The High Court of New Zealand has imposed penalties totalling NZ$7.88m (US$3.63m), on CBL Corporation and four former directors for breaches of continuous disclosure obligations.
