Terrorism Insurance Act Review: 2009 |
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Date: |
Wednesday, 14 October 2009 | ||
Content ID: |
1640 | ||
Abstract: |
The Australian Government established a terrorism insurance scheme to minimise the wider economic impacts that flowed from the withdrawal of terrorism insurance in the wake of the terrorist attacks in the United States of America on 11 September 2001. Australia’s terrorism insurance scheme commenced on 1 July 2003. The Treasurer released a report on the Terrorism Insurance Act 2003 (the Act) in October 2009. The report meets the statutory requirement that a review is completed every three years. The report reviews the need for the Act to continue operating and recommends refinements to the scheme established under the Act. The Australian Government has agreed to all of the report's recommendations. |
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Documents Available: |
 Acrobat (PDF)Terrorism Insurance Act Review: 2009 657.49kb HTMLPreliminaries and Executive Summary 16.20kbIntroduction 15.03kb Chapter 1: International Approaches 40.00kb Chapter 2: Need for the Terrorism Insurance Act 38.74kb Chapter 3: Refinements to the Scheme 100.03kb Chapter 4: ARPC's Performance and the Financial Stability of the Scheme 29.58kb Appendix A: Summary of Recommendations - 2006 Review 3.37kb Appendix B: Terms of Reference - 2009 Review 2.24kb Appendix C: Consultation with Stakeholders 2.25kb References 5.71kb |
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