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Insurance Business | 07 Mar 2016, 09:22 AM Agree 0
The Northern Australia Insurance Premiums Taskforce has released its final report which has been welcomed by the industry
  • Magnus Carlssen | 07 Mar 2016, 11:08 AM Agree 0
    There is no incentive for either the State or Federal government to lower the cost of insurance, when they take a flat rated Stamp Duty and GST on these higher premiums. We'll see if the government actually assists the general North Queensland public in mitigation, apart from increasing the costs of compliance 'for strengthening building codes'. Try building a structure that can withstand trees or other debris being thrown at it at 100 - 200Kmph followed by potential sea-surges. Its like telling Brisbane or Sydney to mitigate against hail damage. Good luck with that. Also interesting that the comments supplied from persons in the article - are any of these actual living and dealing with the public that pay these horrendous premiums in North Queensland?
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