Queensland causes further delays to insurance probe
The Senate report into state government insurance arrangements and the flood levy has again been delayed, due to a further hold-up by the Queensland Government.
The report to the Senate from the Economics References Committee was originally due on May 2, but the timeframe was extended until June 30 due to a lack of responses to its request for submissions.
Despite requesting information from the Queensland Government and reinsurance broker Aon Benfield about attempts to insure or reinsure that state’s assets, the committee has not received a response.
Committee Chairman Alan Eggleston has again requested additional time to release the report, which is now due on July 29.
Senator Eggleston says the committee received around 800 pages of information from the Queensland Government on April 21, but after a public hearing on May 13 several questions on notice for the Queensland Government remain unanswered.
The Queensland Government contacted the committee on June 17, when its responses were due, requesting additional time.
While a report based on the evidence from the public hearing has been drafted, Senator Eggleston says the committee “believes that answers to these questions are important for it to form a fuller picture of the reasons why Queensland did not purchase a reinsurance policy”.