Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

As I said in my previous answer, there are a range of drivers impacting on the cost of insurance. Some of it is around local hazardous events that we've had, including floods, and including floods in Brisbane and other areas of Queensland. But there are other reasons, like price inflation and like the reinsurance market, which is being affected by those big, global natural disasters that we've been seeing. Some would say—and I would say—these are caused by climate change. I accept that you might not agree with that. In relation to land use planning, that has been subject to a number of inquiries and reviews post the flooding, particularly in areas like Brisbane. Land use planning zoning maps have changed to reflect some of the risk associated with that, and that would feed into premiums not just in Queensland but around the country.