Risk in Context Blog

Environmental Legislation Update - Victoria

The Victorian Environment Protection Amendment Act 2018 (EP Act) passed on the 26^th July 2018 and will be progressively introduced until 2020. 

Chain of Responsibility (CoR) Laws Impose Major New Obligations on Transport

Amendments to the Heavy Vehicle National Law came into place on 1 October 2018 and put into place a ‘Chain of Responsibility’ (CoR) for the heavy vehicle transport supply chain in all states and territories in Australia, excluding Western Australia[1] and Northern Territory.   

The Royal Commission and its Impact on the Insurance Market

The ongoing Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (“Royal Commission”) has attracted great media attention for much of 2018. In the insurance world, this has prompted a shift in insurers’ attention to policies that may respond to claims arising from the Royal Commission.

Business Interruption: Looking Beyond the Physical

With risk increasingly interconnected and interdependent in today’s rapidly changing world, your resiliency depends on how well you manage disruption, no matter its source. With the right mix of traditional and advanced risk mitigation and risk transfer strategies in place, you can overcome direct and indirect business interruption more effectively and better protect critical assets and your bottom line.

What #MeToo Means for Risk Professionals

It’s vital that you take allegations of harassment and misconduct seriously while also taking steps to protect your organization from potential claims.

Risk Maturity: Are You On The Right Journey?

Across risk management functions in organisations of all sizes, there has been a gradual but steady shift in the way risk is understood and managed. We are seeing organisations move away from the static risk register and traditional process-driven approach, to give greater focus on integrating risk management into business processes, forming something of a decision-guiding tool at all levels of the business.

Happy New Year Expected For NSW Vehicle Owners

Businesses and individuals with vehicles registered in NSW will start 2018 with a “gift” from the SIRA, as rebates on Green Slip policies will be distributed from January.

Is Your Workplace Risk Ready?

The Australian workplace continues to evolve, presenting employers with a range of challenges to the way they manage and interact with their workforce. Issues such as proactive work, health and safety management and leadership, mental health, stress and colleague wellbeing, and dealing with a new workers compensation insurance regulator and insurer regime will require organisations to build more resilient businesses.

Tougher New European Data Protection Law to Have Lasting Effects

Data protection laws in Europe  are about to get a lot tougher. The European Parliament’s approval of the new General Data Protection Regulation (GDPR), significantly expands privacy regulations for corporations, including potentially drastic fines for companies violating the law.

Reforms Ahead for Private Health Insurance Industry

The Australian Government has indicated that major reforms lie ahead for the private health insurance industry as it increases efforts to put downward pressure on premiums. 

In recent weeks, the federal health minister, Greg Hunt, has indicated that a number of strategies were being considered to address the rising cost of private health insurance, which continues to outpace the Consumer Price Index (CPI) by a large margin.