Exposure draft legislation: cyclone and related flood damage reinsurance pool

This consultation process has now been completed. Submissions available
Date
-
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.

Submissions

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
Australian Small Business and Family Enterprise Ombudsman - pdf 312.08 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
Caravan Industry Association of Australia - pdf 4.45 MB
Christian, Angela - pdf 313.18 KB
Department of Infrastructure, Transport, Regional Development and Communications - Territories Division - pdf 247.25 KB
Devaney, John - pdf 280.99 KB
Elkerbout, Daan and Avril - pdf 92.48 KB
Exmouth Chamber of Commerce and Industry - pdf 1.05 MB
Financial Rights Legal Centre - pdf 73.89 KB
Gibson, Don and Dawn - pdf 86.52 KB
Greater Whitsunday Alliance - pdf 244.31 KB
IAG - pdf 297.33 KB
Insurance Council of Australia - pdf 875.68 KB
James Cook University Cyclone Testing Station - pdf 263.67 KB
Jarzabkowski, Professor Paula - pdf 392.13 KB
Legal Aid Queensland - pdf 208.14 KB
Local Government Association of Queensland - pdf 6.46 MB
Mackay Region Chamber of Commerce - pdf 224.38 KB
McAullay, Dawn - pdf 49 KB
National Insurance Brokers Association - pdf 396.47 KB
Northern Australia Insurance Lobby - pdf 243.6 KB
Onslow Chamber of Commerce and Industry - pdf 609.31 KB
Oosthuizen, Johan - pdf 76.03 KB
Pollard, Geoff - pdf 53.84 KB
Port Douglas Apartments Committee - pdf 92.26 KB
Property Council of Australia - pdf 202.04 KB
Queensland Farmers Federation - pdf 305.87 KB
Queensland Treasury - pdf 2.98 MB
Racing Queensland - pdf 253.9 KB
RACQ - pdf 4.49 MB
Real Estate Institute of Queensland - pdf 465.88 KB
Redicova - pdf 426.97 KB
Rochfort, Julie - pdf 89.59 KB
Sedgwick - pdf 298.62 KB
Smith, Tina and Dawes, Elton - pdf 72.87 KB
Strata Community Association - pdf 233.21 KB
Sure Insurance - pdf 612.89 KB
Thom, Professor Bruce - pdf 156.49 KB
Townsville Chamber of Commerce - pdf 4.47 MB
Townsville Enterprise Limited - pdf 439.48 KB
Townsville Lot Owners Group - pdf 641.3 KB
Urban Development Institute of Australia - pdf 136.69 KB
Whitsunday Boat Owners Association - pdf 350.15 KB
Wilkin, Rob - pdf 105.88 KB