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NATURAL DISASTERS-INSURANCE AND COMPENSATION

The Leader of the Australian Democrats (Senator Chipp), pursuant to notice, moved-That the Senate notes with concern the inadequacy of existing insurance and/or compensation arrangements in the event of a natural disaster and is of the opinion that a joint parliamentary committee should be established to re- examine the whole question of natural disaster compensation funding and that the terms of reference of the Committee should be-

(a) to make recommendations on the establishment of a natural disaster fund, the methods of financing such a fund, the guaranteeing of appropriate grants in the event of a natural disaster, and other related matters;

(b) to specify what constitutes a natural disaster, so that the history of doubt and uncertainty surrounding the admissibility of insurance claims in the event of disaster can be eliminated;

(c) to define the benefits that should be payable to victims of the various categories of natural disaster; and

(d) to recommend the composition and nature of an appropriate administrative authority to operate a natural disaster scheme, and all related matters.

On the motion of the Attorney-General (Senator Durack) the debate was adjourned.

Ordered-That the resumption of the debate be an Order of the Day for the next day of sitting.