CHRIS BOWEN MP
ACTING SHADOW MINISTER FOR SMALL BUSINESS AND FINANCIAL SERVICES
MEMBER FOR MCMAHON
THE HON JASON CLARE MP
SHADOW MINISTER FOR TRADE AND INVESTMENT
SHADOW MINISTER FOR RESOURCES AND NORTHERN AUSTRALIA
MEMBER FOR BLAXLAND
NORTHERN AUSTRALIA RESIDENTS ABANDONED BY TURNBULL GOVERNMENT
The Turnbull Government’s long overdue response to the Northern Australia Insurance Premiums Taskforce report offers little comfort to residents in northern Australia who are paying massive insurance premiums on their homes and businesses heading into the upcoming cyclone season.
The response, dropped out late yesterday, is 18 months overdue and offers no practical solutions to those who are forking out thousands of dollars to cover their properties.
Kelly O’Dwyer promised that the government would “provide a detailed response by 30 June 2016.” (Kelly O’Dwyer media release 4 March 2016).
The Taskforce report, handed to government two years ago, found that over the past 20 years losses from cyclones in northern Australia totalled $2.4b, or $115 million dollars per year and that future losses could be as much as $285 million dollars per year due to the risk of much larger catastrophes.
We have said before that the Turnbull Government should seriously consider straight forward recommendations such as increased investment for household mitigation strategies, further research into mitigation, education campaigns and the possibility of targeted assistance for low income households to undertake mitigation works.
The response is heavy on bureaucratic rhetoric but light on practical solutions for those living with the threat of natural disaster over summer.
It’s just not good enough for Turnbull and his ministers to ignore communities right across northern Australia especially at a challenging time of year.
TUESDAY, 19 DECEMBER 2017