RAJ REPORT

Shold the Federal Government convert the Terrorism Pool to a Disiaster relief pool,INSTEAD OF DISBANDING IT——-Budget: $450 million more taken from terrorism pool – Local – Insurance News – insuranceNEWS.com.au————Treasury $1.2 million to develop options on the pool’s future – including abolishing it.

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The Federal Government will take $450 million from the Australian Reinsurance Pool Corporation (ARPC) over the next four years while allocating Treasury $1.2 million to develop options on the pool’s future – including abolishing it.

The previous Government budgeted for an annual $150 million dividend from the fund, or $600 million over four years, but last week’s budget papers say the dividend has been replaced by a $450 million fee over that period to “compensate the Government for the $10 billion guarantee it provides”.

 

Budget: $450 million more taken from terrorism pool – Local – Insurance News – insuranceNEWS.com.au.

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