Senate debates

Monday, 21 March 2011

Tax Laws Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011; Income Tax Rates Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011

In Committee

7:54 pm

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

I thank the minister for that. I refer to the insurance requirements guideline under the natural disaster relief and recovery arrangements 2011. Could the minister confirm that the manner in which the determinations are made by the Attorney-General will be in accordance with those guidelines and will involve a forensic look at the way the states go about seeking either insurance or reinsurance and also arrangements to ensure they have reasonably adequate capital to cover a natural disaster?

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