Posts Tagged ‘Australia’
Bupa is set to acquire the largest dental chain in Australia and New Zealand, the international healthcare company announced today. The deal, worth £244 million, should be completed in March 2013 subject to shareholder and regulatory approvals. In addition to the initial outlay, Bupa will pay £47 million over the next three years to management [...]
According to the Global Mobility Study 2012, expat assignment destinations vary depending on where the company is based. The study, commissioned by the Santa Fe Group, is made up of responses from 1,119 companies across the globe and in all industry sectors. For a company based in the Americas employees were commonly sent to China, [...]
Regardless of where in the world we live, most of our New Year’s resolutions probably include losing weight. Fortunately we can count on some support from an unlikely source: the Australian government. As part of its Swap It campaign, Australia is offering a number of electronic resources to help people lose weight, including an iPhone [...]
Today Australia became the first country to ban advertising on tobacco packaging. No more logos, brands–even images are forbidden. Effective December 1st, 2012, Australia has banned “the use of logos, brand imagery, symbols, other images, colors and promotional text on tobacco products and tobacco product packaging.” According to the law, “packaging must be a standard [...]
Australia’s private insurance market has grown tremendously in recent years. Enough that the government is ready to reduce the tax rebates that helped propel it to these heights. More Australians have private medical insurance than in the previous 35 years, according to quarterly statistics from the Private Health Insurance Administration Council (PHIAC). As of September, 12,024,482 [...]
Australia has long been known as a healthy nation thanks to its citizens’ passion for sports and active, outdoor lifestyles. In fact, Australia is a popular destination with British expats seeking a healthier lifestyle in a warmer climate. Unfortunately, a recent survey by international health insurer Bupa is likely to shake this perception. The survey, which [...]
Recent OECD statistics paint a grim picture of obesity in the UK: nearly 25% of Britons are obese and over 60% overweight, compared to an average of 16% and 50% for the OECD as a whole. And while the British can take comfort in the fact that England is far from the fattest country in [...]
Duty of care is a legal obligation requiring someone (such as an employer) to maintain a “reasonable” standard of care when handling issues that could cause harm to others. Hence, poor expat health benefits can mean big trouble for multinational employers if they’re ever found negligent. Multinationals need to be aware of their legal obligations [...]
Bupa Asia Pacific – Australia’s largest privately owned health insurer – saw its after-tax profits climb 26% in 2010, to USD249.4 million. The gains were partly the result of rising premium revenues. These, in turn, are the product of a more favourable regulatory climate. Australia’s health insurance industry is tightly regulated. Firms must inform the [...]
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