JASON CLARE MP
SHADOW MINISTER TRADE AND INVESTMENT
SHADOW MINISTER FOR RESOURCES AND NORTHERN AUSTRALIA
MEMBER FOR BLAXLAND
SENATOR KATY GALLAGHER
SHADOW MINISTER FOR SMALL BUSINESS AND FINANCIAL SERVICES
SENATOR FOR THE AUSTRALIAN CAPITAL TERRITORY
Almost a year after the Turnbull Government promised to respond to a report recommending ways to reduce insurance premiums in cyclone zones, Queenslanders are still waiting for it to act.
Minister Kelly O’Dwyer was handed the Northern Australia Insurance Premiums Taskforce Report in November 2015 and promised to “provide a detailed response by 30 June 2016.” (Kelly O’Dwyer media release 4 March 2016).
That deadline is almost a year old, Cyclone Debbie has come and gone but Northern and Central Queenslanders are still waiting for this out-of-touch Government to act.
For more than a year the Turnbull Government has failed to respond to a report that advises how the Government can assist people in Cyclone zones by improving the affordability of insurance premiums.
In the meantime, Northern and Central Queenslanders continue to be hit by Cyclones and by higher premiums, making insuring homes and businesses unaffordable for many.
The only thing the Government announced in the budget was yet another report from the ACCC that would report on insurance prices in Northern Australia.
This is the Abbott-Turnbull Government’s fourth report into insurance prices in North Queensland, after two reports by the Australian Government Actuary and the report of the Northern Australia Insurance Premiums Taskforce.
Instead of putting this in the too-hard basket and shoving the issue off for another authority to report on, it’s time for this do-nothing Government to take action.
Malcolm Turnbull should stop ignoring North and Central Queensland and take action to help put downward pressure on insurance premiums, which have become so expensive they are out of reach of many households and small businesses, before another cyclone hits.
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