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Regulation, Compliance and Investigations

We have extensive corporate and regulatory knowledge of the insurance sector. We provide clients with comprehensive and considered legal advice and guidance on the insurance regulatory framework and its impact on the business and provision of insurance.

We provide regulatory risk, governance, and compliance advice on financial services regulation, including the FSR provisions under the Corporations Act, and prudential regulation by the Australian Prudential Regulation Authority under the Insurance Act, including innovation and product development.

A number of our lawyers have completed Chartered Secretaries Australia’s Graduate Diploma in Applied Corporate Governance, the Australian Institute of Company Directors’ course, and have postgraduate qualifications in management.

We also advise clients on a range of other regulatory and compliance risks and contingencies arising from professional practice in the health and private sectors.

Our strong and enduring relationships with leading financial service providers and day to day dealings with regulators, such as ASIC, ACCC, APRA, ASX, MDP, AFCA, ATO, AUSTRAC and Treasury, enables us to play an effective role in any advisory team.

Our team also has substantial expertise in regulatory investigations and enforcement including internal investigations and audits, regulatory investigations and surveillance and associated complex litigation.

Key services

  • Advising on the insurance regulatory framework including Insurance Act, Insurance Contracts Act, Corporations Act, APRA Act and ASIC Act
  • Establishing and structuring insurance business and distribution arrangements
  • Mergers and acquisitions in the insurance and mutual sector
  • Insurance portfolio transfers and run off schemes
  • International insurance operations, FIRB and change of control
  • Insurance product development and regulatory compliance
  • Reinsurance and risk transfer arrangements
  • Prudential supervision, capital requirements and governance
  • Regulatory advice relating to APRA, ASIC and ACCC requirements
  • Advising on a range of governance issues
  • Data protection and privacy law
  • Competition law and consumer protection in financial services
  • Governance systems and policies to improve processes, supervision, monitoring and training for regulatory compliance
  • Parliamentary and government committee proceedings and public inquiries
  • Regulatory and related investigations and enforcement proceedings involving insurance regulators