Nick Xenophon (SA, Independent) Share this | Link to this | Hansard source

I move:

That—

(1)

The following matters be referred to the Economics References Committee for inquiry and report by 2 May 2011:

(a)

the provisions of the Tax Laws Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011 and the Income Tax Rates Amendment (Temporary Flood and Cyclone Reconstruction Levy) Bill 2011;

(b)

current insurance and reinsurance arrangements of the states and territories of their assets and infrastructure;

(c)

the appropriateness of fiscal arrangements for natural disaster reconstruction efforts; and

(d)

any related matters.

(2)

Given that the proposed Flood and Cyclone Reconstruction Levy is intended to be allocated to the State of Queensland:

(a)

the Senate calls on the Queensland Government to provide to the committee any correspondence, and any related documents, between the Queensland Government and any insurance advisers, insurance brokers, reinsurance brokers, insurers and reinsurers in relation to providing services or insurance products, or offers or proposals of insurance or reinsurance of Queensland Government assets, from 1 January 2000; and

(b)

in conducting its inquiry, the committee seeks from any relevant individual, corporation or other private entity, any correspondence, and any related documents, between the Queensland Government and any insurance advisers, insurance brokers, reinsurance brokers, insurers and reinsurers in relation to providing services or insurance products, or offers or proposals of insurance or reinsurance of Queensland Government assets, from 1 January 2000.

(3)

In undertaking the inquiry, the committee hold at least 3 days of public hearings in Queensland.

Question agreed to.