Australian Reinsurance Pool Corporation
The Australian Reinsurance Pool Corporation (ARPC) is a statutory authority established under the Terrorism Insurance Act 2003 (TI Act), being subject also to requirements under the Public Governance, Performance and Accountability Act 2013 (prior to 1 July 2014, the Commonwealth Authorities and Companies Act 1997). Following the terrorist events that occurred in the United States of America on 11 September 2001, there was a global withdrawal of terrorism insurance. This was of particular concern to the commercial property sector internationally. The Government was concerned that the lack of comprehensive insurance cover for commercial property or infrastructure would lead to a reduction in financing and investment in the Australian property sector. The role of the ARPC was to establish and subsequently provide ongoing administration of a scheme that would provide (re)insurance cover for eligible terrorism losses involving commercial property, associated business interruption and public liability.
Type of Body
B. Corporate Commonwealth Entity
GFS Sector Classification
Established By / Under
Act / Regulation
Established By/Under More info
Terrorism Insurance Act 2003
Annual Report Prepared and tabled?
GFS Function / Sector Reported
Other Economic Affairs Nec
24 June 2003
PO Box Q1432, Queen Victoria Building, NSW 1230