(ARPC)
Treasury
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.
1 Market Street
Sydney NSW 2000
Australia

Further information

  • Type of Body

    B. Corporate Commonwealth Entity

  • GFS Sector Classification

    PFC

  • Established By / Under

    Act / Regulation

  • Established By/Under More info

    Terrorism Insurance Act 2003

  • Annual Report Prepared and tabled?

    Yes

  • Classification

    A. Principal

  • Materiality

    Material

  • GFS Function / Sector Reported

    Other Economic Affairs Nec

  • Auditor

    ANAO

  • Creation Date

    24 June 2003

  • Postal Address

    PO Box Q1432, Queen Victoria Building, NSW 1230

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