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

I want to acknowledge the work done by the Prime Minister’s office. There has been a lot of work in amending this document over the last few weeks. I am grateful to the Prime Minister’s office for some very robust discussions and negotiations in relation to this. I also acknowledge the advice from John Tsouroutis who is on my staff. He was former head of the Territory Insurance Office in the Northern Territory who has provided me with invaluable advice in relation to this. The last time this document was amended was back in 2007. I would like to table a document I received from the Prime Minister—and I will seek the permission of the opposition to do this—which indicates this is a long-term change to the document. When is it proposed to review the new determination? I imagine there are processes that will take the next 12 months. It is a process that allows for the Auditor-General to be involved. Could the government indicate that they regard this as the determination that will stand for some time, given what has occurred with the Queensland floods and given the need to ensure that states and territories behave prudentially in relation to insuring or securing their assets?