The Act

The Act

The Terrorism Insurance Act 2003 (TI Act) enacted by the Commonwealth Government following the withdrawal of terrorism cover by insurance companies. The Australian Reinsurance Pool Corporation (ARPC) was established under the TI Act, to develop and administer a reinsurance scheme, which commenced operation on 1 July 2003. Section 41 of the Act requires that there is a review of the need for the TI Act to continue in operation at least every three years.

Act/Regulations

The Act was reviewed in 2006, 2009, 2012 and 2015. For more information please go to: http://arpc.gov.au/about-arpc/review-of-the-act/

Explanatory Memorandum

Ministerial Direction

Declaration of Terrorist Incident

  • Declaration of Terrorist Incident (15/01/2015) – Lindt Cafe, 53 Martin Place, Sydney NSW 2000