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ARPC to update postcode tier classifications

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ARPC to update postcode tier classifications

18 Feb 2019

The Hon Stuart Robert, Assistant Treasurer, has signed the Terrorism Insurance Act 2003 – Premiums Direction 2019.

The Direction updates Australian Reinsurance Pool Corporation’s postcode allocation list so appropriate premiums may be charged to reinsure properties in those postcodes.

The adjustments will take effect on 1 July 2019 and are as follows:

Please visit our Postcodes page here to view a summary of postcode tier classification changes effective 1 July 2019, and a a summary of all current Australian postcodes and their associated tiers.

  • Newly classified major metropolitan/CBD area – Pyrmont and Ultimo are now part of the Sydney CBD area due to a major development of high rise commercial ad high value residential buildings. Pyrmont and Ultimo have been reclassified as Tier A from Tier B.
  • New urban fringes – 16 postcodes at the borders of urban areas that are now undergoing substantial development have been reclassified as Tier B from Tier C. The most notable changes include Heathcote, Engadine, Riverstone and Marsden Park in New South Wales; Greenvale in Victoria; and Port Kennedy, Secret Harbour, Golden Bay, Lakelands, and Mandurah in Western Australia

Please visit our Postcodes page here to view a summary of postcode tier classification changes effective 1 July 2019, and a summary of all current Australian postcodes and their associated tiers.

You can download the Assistant Treasurer to ARPC (Payments to the Commonwealth) Direction 2019 which legislates the changes here.

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Insurer customer logins to ARPC

Terrorism Insurer Portal (RISe)

RISe is ARPC’s Terrorism Reinsurance Pool (terrorism pool) insurer customer portal, which allows terrorism pool insurer customers to lodge their company information in a secure and user-friendly environment.

Cyclone Insurer Portal (PACE)

PACE is ARPC’s Cyclone Reinsurance Pool (cyclone pool) insurer customer portal, which allows cyclone pool insurer customers to lodge their company information in a secure and user-friendly environment.