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Wednesday, 10 November 1976
Page: 2587

Mr Jacobi (HAWKER, SOUTH AUSTRALIA) asked the Treasurer, upon notice:

(1)   What is the composition of the working party of insurance industry officials and officers of the Treasury set up by the Government to inquire into the natural disaster insurance scheme.

(2)   Is it a fact that no officer from the State Government Insurance Office or Commission was appointed or seconded to the working party; if so, why.

Mr Lynch - The answer to the honourable member's question is as follows:

(1)   In March 1976 the Government approved the establishment of a working party of Commonwealth officials to formulate a natural disaster insurance scheme in consultation with the insurance industry. The working party consisted of representatives of the Insurance Commissioner, the Australian Government Actuary, and the Departments of the Treasury, the Prime Minister and Cabinet, Environment, Housing and Community Development, and Primary Industry. The working party consulted extensively with representatives nominated by the Insurance Council of Australia, a body formed in 1975 to represent the general insurance industry in Australia.

(2)   While no representatives of industry or State Government insurance offices or commissions were appointed to the working party, invitations were extended to all State Governments to make written submissions on the subject of a natural disaster insurance scheme. Comments on the subject were received from all States. In addition, members of the working party held meetings with officials from three State Governments including representatives of State Government insurance offices.

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