Senate debates
Thursday, 21 November 2024
Questions without Notice
Banking and Financial Services
2:48 pm
Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source
Certainly, I’ve already alluded to the fact of global distribution of risk by reinsurers. You talk about them. The global reinsurers affect the price of insurance here, as they do in other countries around the world. But I do not accept that we are not taking any action. We have established this taskforce to look at what further steps we can take to build on existing work, including in areas like risk mitigation and land use planning, as well as other steps to deal with some of these affordability challenges. This is a challenge not just in Queensland but around the country.
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