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Veronique Ingram to chair code committee

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Former senior bureaucrat Veronique Ingram has been appointed to a three-year term as Chairman of the General Insurance Code Governance Committee.

Ms Ingram, who takes up the role on Wednesday, is a former Australian Financial Security Authority CEO and Inspector-General in Bankruptcy, and also served as Australian Ambassador to the OECD in Paris.

She has also held positions in the Federal Treasury, advised the Government on financial system issues during the Global Financial Crisis in 2008 and also advised in relation to the collapses of Ansett Australia and HIH Insurance.

Her appointment comes as the industry is introducing the new code of practice, with the first stage coming into effect this week and full implementation set for July 1 next year.

“I am pleased to accept this role during a period of transition to a new code, and also during unprecedented uncertainty and change for consumers and insurers and the broader economy,” Ms Ingram said.

Ms Ingram replaces Lynelle Briggs who had chaired the committee since 2014.

The appointment was made jointly by the Insurance Council of Australia and the Australian Financial Complaints Authority following a competitive recruitment process.

The code committee also includes consumer member Philippa Heir and industry member Cheryl Chantry.