Townsville Enterprise Limited (TEL) welcomes the opportunity to provide a submission to the Treasury-led Cyclone Reinsurance Pool Taskforce into the consultation process of the Federal Government’s intention to establish a $10 billion reinsurance pool for cyclones and related flood damage.
In this submission, Townsville Enterprise will address some key considerations in the design and operation of the Reinsurance Pool, with a key focus on ensuring the scheme will apply downward pressure on insurances prices in Northern Australia.
