With extra than Aus$three.0 trillion (US$2.Three trillion) really worth of foreign funding in Australia today, we can not afford to chance our economic destiny by means of carrying out protectionism,” he stated.
But he recounted that “the network must have confidence that this funding is in the country wide hobby”.
ALL life and non-life insurance companies are actually required to formulate and keep tactics for tracking and early detection of insurance fraud, regulators stated.
The Insurance Commission has laid out the important guidelines in a circular signed by way of the Insurance Commissioner Emmanuel Dooc, which it issued on Tuesday.
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