HIH Royal Commissioner Neville Owen is calling for submissions on issues relevant to future policy directions related to the fall of HIH. A number of issues have been supplied as a guide to those wishing to make submissions, including:

Regulatory oversight and prudential regulation of general insurance; state and territory statutory insurance regimes relevant to general insurance and its regulation; tax regimes relevant to general insurance and its regulation; financial reporting requirements, including relevant accounting standards, applicable to general insurers; and other disclosure requirements.

Other matters to be considered include actuarial, audit and other assurance mechanisms relevant to the governance and oversight of general insurers; and the roles and responsibilities of officers, professionals and other employees, and corporate advisers in the governance of general insurers.

The commission is also seeking submissions on such specific matters as financial reinsurance and accounting for insurance and reinsurance contracts.