Income Insurance Australia :: Podcasts

Income Insurance Australia Weekly News insights

Each week, we sift the Australian income protection landscape: policy and regulation updates, insurer moves, claim trends, and workplace risk stories. Get clear, plain-English takeaways, myth-busting context, and what changing rules may mean for employees, sole traders, and gig workers. It’s a trustworthy, industry-specific news wrap to keep your household income know-how sharp without the jargon. Expect concise interviews and pointers to credible sources so you can stay prepared.

This Week:

APRA tightens licence conditions on a super trustee to reduce high‑risk onboarding, reinforcing governance for members with insurance in super. AFCA publishes lead decisions on failed‑scheme disputes, underscoring the value of good records and informed advice for claims. Adviser departures after the education deadline are lower than predicted, so access to advice for reviewing income protection remains. The ATO highlights travel bans for significant unpaid tax and for employers who dodge super, reminding workers to verify contributions and self‑employed listeners to plan cashflow.

Read Full Transcript:

Hello and welcome to Income Insurance Australia Weekly News insights, Im Paige Estritori, and its Sunday 11 January 2026. First up, the Australian Prudential Regulation Authority — APRA — has tightened licence conditions on a superannuation trustee to curb onboarding of higher‑risk investments. The move is about stronger due‑diligence and member protections after last years platform failures. For anyone with insurance inside super, keep an eye on trustee updates and make sure your income protection terms still match how you work and what youd need if you couldnt work. Meanwhile, the Australian Financial Complaints Authority — AFCA — released lead decisions on disputes linked to failed investment schemes. It found clients suffered from poor advice, helping set pathways for remediation. The simple step for listeners is to keep thorough records of applications, advice, and policy updates; clean paperwork can speed up problem‑solving if a claim or dispute ever arises. If you want help comparing cover, using an expert who understands income insurance wording can save time and reduce surprises at claim time. Next up, adviser exits look lower than feared after the education deadline. Industry data this week shows a few hundred left the register over the holiday period, but the predicted mass departures havent materialised. That matters because access to advice should remain available. If youve been putting off a review, this could be a good window to check waiting periods, benefit periods, and offsets — especially if youre self‑employed and your earnings can fluctuate. And a quick compliance note from the Australian Taxation Office — the ATO says travel bans can be used against people with significant unpaid tax, and employers who avoid paying employee super can also be stopped from leaving the country. For employees, its a reminder to check your super contributions are landing. For sole traders and contractors, budget for tax and super so cashflow shocks dont derail your safety nets. Keeping your income protection active and aligned to your real expenses adds another layer of security if illness or injury strikes. Thats the wrap. For clear explainers and a tailored look at income protection — whether youre employed or self‑employed — visit income-insurance.com.au. Im Paige Estritori; thanks for listening and Ill see you next week.

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