News

News2020-09-17T12:35:35+10:00

ProRisk wins ANZIIF’s Most Valuable Team for 2021 award

Friday 25 June 2021|Latest News|

ProRisk’s claims team has been awarded Most Valuable Team for 2021 by ANZIIF. Chloe Thomas, Group Claims Manager for ProRisk, said the award was a testament to the “smart, dedicated, hardworking, professional, and empathetic people” in the claims team. “Fantastic humans working collaboratively and proactively to deliver an outstanding claims [...]

Australian BI Test Case Judgment Delivered

Thursday 19 November 2020|Latest News|

The NSW Court of Appeal has just delivered its judgment in the joint ICA and AFCA endorsed BI test case relating to the Quarantine Act. A copy of the judgment can be viewed here. The court has made the following declarations: 1. Summons dismissed. 2. Declarations that: On the proper [...]

Insurance Business Awards 2020

Tuesday 27 October 2020|Latest News|

The Insurance Business Awards held 22 October define excellence in the Insurance profession, recognising leading companies and individuals for their outstanding achievements over the past 12 months. The Underwriting Agencies Council sponsored the awards for: Australian Underwriting Agency of the Year and Underwriting Agency BDM of the Year. We are [...]

Future of insurance report available

Tuesday 11 August 2020|Latest News|

In late May, UAC asked agency member principals to complete a survey for Business Service member Clyde & Co about their experiences in the Covid-19 pandemic and what they expect the future of insurance will look like. Thanks to all who participated. The results are now available. Download the report. [...]

JobKeeper 2.0 starts after Sept

Friday 31 July 2020|Latest News|

The second tranche of the JobKeeper scheme changes the eligibility test for employers and the amounts paid to employees. UAC accountant and Business Service Member WLM Financial has prepared information on what the new scheme looks like. If your business currently receives JobKeeper, arrangements will remain unchanged until 27 September [...]

Portal assists small business recovery

Monday 29 June 2020|Latest News|

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) is ready to help SMEs emerging from hibernation and keen to make the most of easing Covid-19 restrictions. ASBFEO’s My Business Health web portal has useful information for small business owners ready to re-open or ramp up their operations. It’s a [...]

WLM insights, Covid-19 updates

Thursday 25 June 2020|Latest News|

As the 2019-20 financial year closes, UAC accountant and business service member WLM Financial has provided useful information about tax and superannuation changes that take effect on July 1. Read more here. It is also warning that ATO is on the lookout for businesses that may have made adjustments to [...]

Tax relief for Covid-19

Thursday 18 June 2020|Latest News|

Want to know what tax relief measures are available in your state or territory for Covid-19 pandemic support? Sensis, the platforms and marketing services company that owns the Yellow Pages and the White Pages, has produced a useful guide that breaks down what relief is available in each jurisdiction. Here’s [...]

Personal lines insurers’ responses

Thursday 4 June 2020|Latest News|

Business service member Finity has summarised personal lines insurers’ Covid-19 responses so far in a new article. It has particularly focused on the largest classes of business, motor and home, and included a deep dive into landlords’ cover. Author Marcello Negro considers a key question for insurers – how their [...]

Maintain security to avoid cyber attacks

Tuesday 26 May 2020|Latest News|

With thanks to member Emergence Insurance, UAC recommends the following strategies to assist in maintaining cyber security while your staff are working from home. The cyber risks of flexible work arrangements could include malware infection, unauthorised access, data security, and insecure devices used by staff. It’s important that businesses and [...]

Reform program stalled

Wednesday 13 May 2020|Latest News|

Regulators have shifted their priorities to deal with the Covid-19 pandemic. That means delays to reforms and legislative changes to general insurance. UAC Business Service member The Fold Legal has issued an updated summary of the revised timetable. Click here to read more. UAC General Manager William Legge says while [...]

IRS grants FATCA extension

Thursday 7 May 2020|Latest News|

The US Internal Revenue Service (IRS) has granted an automatic extension of time to entities with Foreign Account Tax Compliance Act (FATCA) certification due by 1 July 2020. The extension to 15 December 2020 is automatic within the FATCA registration system. More information is available at Q21 in the ‘FATCA [...]

ATO introduces new changes to JobKeeper

Thursday 7 May 2020|Latest News|

Changes to the Covid-19 JobKeeper arrangements came into force on 1 May 2020 with the introduction of Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No 2) 2020. This includes a monthly declaration of your business’s current and projected turnover. Click here to read more. Remember, there is an [...]

ATO grants JobKeeper payment extension

Wednesday 29 April 2020|Latest News|

The ATO has given businesses an extension of time to pay their employees under the JobKeeper program. Enrolments for the initial JobKeeper periods have been extended from 30 April 2020 until 31 May 2020. For the first two fortnights (30 March – 12 April, 13 April – 26 April), ATO [...]

ASIC outlines its expectations

Wednesday 29 April 2020|Latest News|

ASIC has written to all general insurers about its expectations in light of the Covid-19 pandemic. ASIC says it expects entities to treat customers fairly and avoid adding further financial harm or burden to consumers. The four-page letter asks insurers to be flexible and details ways insurers could do that. [...]

Covid-19 themed scams

Tuesday 28 April 2020|Latest News|

The Australian Cyber Security Centre (ACSC) is aware of a significant increase in Australians being targeted with Covid-19 themed scams, fraud attempts and deceptive email schemes. Read more here.  

Microsoft free trial offer

Monday 27 April 2020|Latest News|

To enable teams to better work from home during the coronavirus outbreak, Microsoft is offering a free six-month Office 365 E1 trial, including Microsoft Teams. To learn what's available with an E1 licence, read more here – Office 365 E1 – and here – support remote workers with Teams. UAC [...]

How to access JobKeeper, super, WFH deductions

Friday 24 April 2020|Latest News|

Need to know more about accessing JobKeeper, superannuation, and tax deductions for working from home? UAC financial partner WLM Financial has provided a series of articles to assist you. JobKeeper: The key facts The JobKeeper payment is a $130 billion scheme to support businesses significantly affected by the coronavirus crisis. [...]

Managing cyber and privacy risks

Tuesday 21 April 2020|Latest News|

As the world continues to deal with the economic and operational challenges from the global Covid-19 pandemic, cyber criminals are seeking to exploit new work practices and capitalise on uncertainty. Clyde & Co has warned organisations to be conscious of data, privacy and business risks associated with Covid-19. The firm’s [...]

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