Exposure draft legislation: cyclone and related flood damage reinsurance pool

This consultation process has now been completed. Submissions available
Consultation Type
Exposure Draft Legislation

Key Documents

The Government is seeking stakeholder views on exposure draft legislation for the establishment of a reinsurance pool for cyclones and related flood damage.

The draft legislation would establish a reinsurance pool for cyclones and related flood damage, to commence from 1 July 2022 and be backed by a $10 billion Government guarantee. The draft legislation would also enable the Australian Reinsurance Pool Corporation to administer both the cyclone pool and the existing terrorism reinsurance scheme.

Consultation on the draft legislation follows earlier consultation on the pool’s design and the ARPC’s governance, resourcing and administration.


55 submissions were received for this consultation, including 5 confidential submissions.

Absolon, Gail - pdf 192.26 KB
Actuaries Institute - pdf 78.42 KB
Allianz - pdf 272.22 KB
Bennett, Neil - pdf 81.93 KB
Bevan, Janette - pdf 70.59 KB
Bogie, Bob - pdf 275.41 KB
Booth, Dallas - pdf 91.84 KB
Christian, Angela - pdf 313.18 KB
Devaney, John - pdf 280.99 KB
Gibson, Don and Dawn - pdf 86.52 KB
IAG - pdf 297.33 KB
Legal Aid Queensland - pdf 208.14 KB
McAullay, Dawn - pdf 49 KB
Oosthuizen, Johan - pdf 76.03 KB
Pollard, Geoff - pdf 53.84 KB
Queensland Treasury - pdf 2.98 MB
Racing Queensland - pdf 253.9 KB
RACQ - pdf 4.49 MB
Redicova - pdf 426.97 KB
Rochfort, Julie - pdf 89.59 KB
Sedgwick - pdf 298.62 KB
Sure Insurance - pdf 612.89 KB
Thom, Professor Bruce - pdf 156.49 KB
Wilkin, Rob - pdf 105.88 KB