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Levees and levies: ICA pushes re-elected Morrison

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The Insurance Council of Australia (ICA) has called on the re-elected Coalition Government to step up mitigation programs in disaster-prone regions and axe taxes on insurance products.

CEO Rob Whelan says the industry will continue pushing for policies that improve insurance uptake, tackle climate change, reduce regulatory burden and raise business efficiency.

The Insurance Council is also committed to working with Prime Minister Scott Morrison to implement the Hayne royal commission’s proposed reforms.

“ICA encourages the Government to renew the tax reform agenda, with a focus on encouraging the removal of inefficient and unfair state taxes and levies on insurance products,” Mr Whelan said.

“ICA hopes a greater focus will be placed on investing in nation-building infrastructure that encourages economic sustainability and growth in regions exposed to natural disasters, in the form of permanent mitigation and other resilience programs.”