Australian Reinsurance Pool Corporation is a corporate Commonwealth entity established under the Terrorism Insurance Act 2003 (TI Act). It is also subject to the Public Governance, Performance and Accountability Act 2013 (prior to 1 July 2014, the Commonwealth Authorities and Companies Act 1997.)
Following the terrorist events that occurred in the United States of America on 11 September 2001, there was a global withdrawal of terrorism insurance. This was of particular concern to the commercial property sector internationally. The Government was concerned that the lack of comprehensive insurance cover for commercial property or infrastructure would lead to a reduction in financing and investment in the Australian property sector. The role of ARPC was to establish and subsequently provide ongoing administration of, a scheme that would provide insurance cover for eligible terrorism losses, involving commercial property, associated business interruption losses and public liability.
ARPC’s Senior Executive team is headed by the Chief Executive, who was appointed by the Corporation under the provisions of the Terrorism Insurance Act 2003. The current Leadership team is the Chief Executive Officer, Chief Underwriting Officer, Chief Financial Officer, General Counsel and Chief Operating Officer.
ARPC offers excellent career experiences, ongoing learning and development and attractive working conditions. Selection for vacancies is based on merit. Please see the summary of conditions of service for ARPC staff and ARPC’s pay and grading structure. Current Vacancies There are currently no roles vacant.
As a consequence of amendments to the Privacy Act 1988 (Privacy Act), 13 Australian Privacy Principles (APPs) have been implemented, which regulate the way we collect, store, provide access to, use and disclose personal information. The new APPs came into effect on 12 March 2014, and apply to public and private sector entities alike....
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Freedom of Information
The objective of the Freedom of Information Act 1982 (FOI Act) is to provide access to, and encourage proactive disclosure of, information created and held by the Commonwealth Government and its agencies. FOI requests (FOI) Under the FOI Act, you can request access to Agency documents by making a Freedom of Information request (FOI...