IAG submission to the Productivity Commission’s Draft Report - Natural Disaster Funding Arrangements
23 Oct 2014
Insurance Australia Group (IAG) welcomes the opportunity to make a submission to the Productivity Commission’s Inquiry Draft Report - National Disaster Funding Arrangements.
The Productivity Commission’s Draft Report recognises that the current government natural disaster funding arrangements are not efficient, equitable or sustainable.
IAG welcomes the Productivity Commission recommendation for the Australian Government to increase its funding to State and Territory Governments for mitigation to $200 million.