On 22 November 2016, the Senate referred an inquiry into Australia’s general insurance industry to the Senate Economics References Committee.
The Senate Committee tabled its final report on 10 August 2017. The report made 15 recommendations on a range of issues, including the transparency of pricing, disclosure and competition in the general insurance industry. The Committee also recommend the Government release its response to the final report of the Northern Australia Insurance Premiums Taskforce (the Taskforce).
On 18 December 2017, the Government announced its response to the Final report of the Taskforce and the Committee’s recommendations.
On 20 December 2017, the Parliament tabled the Government response to these recommendations.