Australian Reinsurance Pool Corporation (Board)
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.
Further information
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Type of Body
R. Management Board
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Established By / Under
Act / Regulation
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Established By/Under More info
Terrorism Insurance Act 2003
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Paid Members?
Yes
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Max No. of Board/Committee Members
7
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Annual Report Prepared and tabled?
Yes
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Classification
X. Internal Management
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Auditor
ANAO
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Function Categorization
Executive Management
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Creation Date
24 June 2003
Current board appointments
Position | Appointee | Start Date | End Date |
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Chair | Mr. Ian Carson | 1 July 2020 | 30 June 2023 |
Member | Ms. Elaine Collins | 1 July 2018 | 30 June 2021 |
Member | Ms. Janet Torney | 1 July 2018 | 30 June 2021 |
Member | Mr. John Peberdy | 1 July 2018 | 30 June 2021 |
Member | Ms. Robin Low | 23 April 2020 | 22 April 2023 |
Member | Ms. Maria Fernandez | 23 April 2020 | 22 April 2023 |
Member | VACANT |
Last updated: