Coronavirus (COVID-19) updates from the Australian Government

Addressing the high cost of home and strata title insurance in North Queensland

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Discussion Paper

Key Documents

The Minister for Finance and Acting Assistant Treasurer, Senator the Hon Mathias Cormann, has released for public consultation a discussion paper canvassing policy options to address the high cost of home and strata title insurance in North Queensland.

This discussion paper calls for business and community input on options to:

  • Help consumers to compare insurance products by developing an insurance information and comparison website (or an insurance ‘aggregator’).
  • Promote resilience of strata title buildings by facilitating engineering assessments of strata title properties in North Queensland.
  • Expand North Queensland insurance markets by encouraging participation by foreign insurers.

Views are welcome on the advantages and disadvantages of each option proposed in the discussion paper and how these can be best implemented.

Submissions

30 submissions were received for this consultation, including 6 confidential submissions.

Actuaries Institute - pdf 82.86 KB
Allianz - rtf 3.51 MB
Finity - pdf 167.18 KB
IAG - pdf 1.45 MB
Legal Aid Queensland - pdf 2.07 MB
Leggatt, Charmaine - rtf 109.25 KB
LMI Group - pdf 1.6 MB
McEwan, Beth - rtf 32.79 KB
Mills, Terry - pdf 106.32 KB
Parker, David - rtf 37.49 KB
Pinyon, Michael - rtf 31.64 KB
QBE - pdf 168.57 KB
RACQ Insurance - pdf 78.5 KB
Shaw, Margaret - pdf 1.41 MB
Stace, Philip - pdf 178.36 KB
Suncorp - pdf 1.48 MB
Widt, Diane - rtf 33.32 KB