Study of Financial System Guarantees - Final Report

The Royal Commission into the collapse of the HIH Group of Companies (HIH) recommended that ‘…the Commonwealth Government introduce a systematic scheme to support policy holders of insurance companies in the event of the failure of any such company’. On that basis Professor Davis was appointed to lead a Technical Study into the merits of a limited explicit guarantee system for the Australian financial system.

This report was presented to the then Treasurer The Hon Peter Costello MP by Professor Kevin Davis on 26 March 2004.