Australia receives many thousands of immigrants each year who seek education and working opportunities and therefore often stay in the country for several years. With numbers increasing year on year, the demand for OVHC is expected to also increase.
This article discusses the OVHC product, including who is covered, why they are covered, the benefits included, and challenges associated with it.
APRA’s proposed reforms to the Authorised Deposit-taking Institution (ADI) licensing framework represent a significant modernisation of the process for establishing a banking business in Australia.
APRA’s first consultation paper on proposed governance changes explained the policy driver: entities under heightened supervision often have governance issues, and APRA identified persistent weaknesses in skills, fitness and propriety, board reviews, tenure and conflicts management.
AmTrust Specialty Limited (ASL), a UK-regulated specialty lines insurer, successfully obtained authorisation from the Australian Prudential Regulation Authority (APRA) to operate as a Category C general insurer (foreign branch) in Australia.
Read the full article Introduction The Reserve Bank of New Zealand has published for
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