Each week, we cut through the noise with a concise, trustworthy recap of insurance and small-business headlines across Australia. Expect key regulatory and tax updates, premium and claims trends, risk management developments, and expert perspectives shaping cover for businesses, professionals, and families. No hype—just what changed, why it matters, and how it could affect your planning. Stay informed in minutes and start the week confident you haven’t missed the headlines that count.
This Week:
This week: privacy law changes on 24 Sep may add consent and data‑sharing steps for advice and insurance referrals; a 23 Sep tech integration lets advisers pull instant life insurance quotes for quicker comparisons; on 22 Sep ASIC warned private credit funds on governance, valuations and liquidity, relevant to investor risk planning; and on 24 Sep Westpac cut merchant fees ahead of the 1 Oct surcharge ban while interchange caps fall, prompting small businesses to review payment costs. Listeners are invited to compare life and key person cover with independent brokers at keyman-insurance.com.au.
Hello and welcome to Keyman Insurance Weekly News Insights with Paige Estritori, Monday, 28 September 2026.
First up, on 24 September the Financial Advice Association Australia raised flags about the proposed Privacy Amendment bill. The concern is that extra consent steps and strict definitions around ‘trading personal information could complicate how advisers refer clients to risk specialists or mortgage brokers. For you, that may mean more detailed consent forms and clearer data-sharing notices when you get life or key person cover. If you prefer a streamlined process with secure data handling and clear explanations, we can coordinate everything through independent brokers and keep it simple.
Meanwhile, on 23 September a major life insurer integrated its pricing into an AI-enabled adviser platform so advisers can pull indicative quotes without leaving their workflow. That means faster comparisons and fewer back-and-forth emails. If youve been putting off cover for a key person or income protection, nows a good time to request an obligation‑free eligibility check and see options side by side.
On 22 September, the corporate regulator ASIC warned private credit fund managers to lift governance, valuations and liquidity practices. This matters if your business or super is exposed to property‑backed private credit where redemptions can freeze when projects stall. Its worth checking how any such investments fit your broader risk plan, and making sure your family or business protections—like life, TPD and key person insurance—are current and correctly structured.
And on 24 September, Westpac said it will lower merchant service fees ahead of the 1 October card‑surcharge ban. Most consumer credit card interchange caps will also fall to about three tenths of a per cent, but businesses will still wear terminal rental and other costs. If you run a practice or small business, review payment costs now so cash flow isnt squeezed—and if premiums are on the agenda, we can help you compare policies for value, not just price.
Thats it for this week. To compare life and key person cover with independent guidance and an easy online process, head to keyman-insurance.com.au. Thanks for listening, and Ill see you next Monday.
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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Knowledgebase
Umbrella Policy: An additional insurance policy that provides extra liability coverage beyond the limits of the insured's primary policies.
