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Terrorism Insurance Act Review: 2009


Wednesday, 14 October 2009

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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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 Acrobat (PDF)

Terrorism Insurance Act Review: 2009  657.49kb

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Preliminaries and Executive Summary  16.20kb
Introduction  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

Related Items:

Terrorism Insurance Act Review: 2006 - 15/09/2006
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