Nick Xenophon (SA, Independent) Share this | Hansard source

I note that the minister has tabled the Natural Disaster Relief and Recovery Arrangements Determination 2001 (Version 1.0). I also note that attached to that document is a Natural Disaster Relief and Recovery Arrangements Guideline 12011. If I can take the minister to the differences between this and the 2007 document, so that it is placed on the record and that there is no ambiguity in how this would operate, is the minister in a position to indicate the key differences between this document and the 2007 document? Perhaps if I could get the minister, for the sake of time, to confirm if the key differences with this document are clauses 4.5, 4.6 and 5.13 which relate to the requirement for the states to have reasonably adequate access to capital in relation to insurance, and they need to look at, but are not limited to, mechanisms such as commercial insurance, reinsurance, any state COAG reinsurance fund or pool and state department premium contributions—that is, internal state funds.

Further, could the minister confirm that under 4.6 of the NDRRA the state must submit independent assessment of state insurance arrangements and that the Commonwealth will conduct a review of the state’s independent assessment in conjunction with the state? I want confirmation of that and some of the mechanics, which I will get to shortly.