Inquiry into State government insurance and flood levy
Terms of Reference
Senator Xenophon, pursuant to notice of motion not objected to as a formal motion,
moved business of the Senate notice of motion no. 4-That-
(1) The following matters be referred to the Economics References Committee for
inquiry and report by 2 May 2011:
(a) the provisions of the Tax Laws Amendment (Temporary Flood and
Cyclone Reconstruction Levy) Bill 2011 and the Income Tax Rates
Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill
2011;
(b) current insurance and reinsurance arrangements of the states and
territories of their assets and infrastructure;
(c) the appropriateness of fiscal arrangements for natural disaster
reconstruction efforts; and
(d) any related matters.
(2) Given that the proposed Flood and Cyclone Reconstruction Levy is intended to
be allocated to the State of Queensland:
(a) the Senate calls on the Queensland Government to provide to the
committee any correspondence, and any related documents, between the
Queensland Government and any insurance advisers, insurance brokers,
reinsurance brokers, insurers and reinsurers in relation to providing
services or insurance products, or offers or proposals of insurance or
reinsurance of Queensland Government assets, from 1 January 2000;
and
(b) in conducting its inquiry, the committee seeks from any relevant
individual, corporation or other private entity, any correspondence, and
any related documents, between the Queensland Government and any
insurance advisers, insurance brokers, reinsurance brokers, insurers and
reinsurers in relation to providing services or insurance products, or
offers or proposals of insurance or reinsurance of Queensland
Government assets, from 1 January 2000.
(3) In undertaking the inquiry, the committee hold at least 3 days of public
hearings in Queensland.
For further information, contact: Department of the Senate
PO Box 6100
Parliament House
Canberra ACT 2600
Australia