Corporate governance
ARPC is established as a body corporate under the Terrorism Insurance Act 2003 (Cth)(TI Act). It is a corporate Commonwealth entity and public financial corporation for the purposes of the Public Governance, Performance and Accountability Act 2013 (Cth) (PGPA Act).
ARPC comprises a Chair and up to six other members and together they form the Board and accountable authority for the purposes of the PGPA Act. As required by the PGPA Act, ARPC has an audit committee (the Audit and Compliance Committee) comprising members of the Board.
Under the TI Act, the Board appoints the CEO of ARPC. The CEO manages the affairs of ARPC subject to the directions of, and in accordance with, policies determined by the Board.
In addition to the statutory framework, ARPC’s corporate governance framework is underpinned by the Board Charter, the Audit and Compliance Committee Charter, the Enterprise Risk Management Framework and a suite of policies and procedures.
ARPC’s external auditor is the Australian National Audit Office and its internal audit function is outsourced.
Senate Orders
Entity Contracts
The Senate Order on Entity Contracts (also known as as the Murray Motion) requires agencies subject to the Public Governance, Performance and Accountability Act 2013 (Cth) (PGPA Act) to make available on the internet a list of contracts $100,000 (GST inclusive) or more, which are current or entered into during the previous 12 months.
- 1 January 2021 to 31 December 2021.
- 1 July 2020 to 30 June 2021
- 1 January 2020 to 31 December 2020
- 1 July 2019 to 30 June 2020
- 1 January 2019 to 31 December 2019
- 1 July 2018 to 30 June 2019
- 1 January 2018 to 31 December 2018
- 1 July 2017 to 30 June 2018
- 1 January 2017 to 31 December 2017
Indexed lists of departmental and agency files
The Senate Order on Indexed Lists of Departmental and Agency Files (also known as the Harradine Report) requires ARPC to make available on the internet an indexed list of the titles of all policy files created in the organisation every six months.
- 1 July 2021 to 31 December 2021.
- 1 January 2021 to 30 June 2021
- 1 July 2020 to 31 December 2020
- 1 January 2020 to 30 June 2020
- 1 July 2019 to 31 December 2019
- 1 January 2019 to 30 June 2019
- 1 July 2018 to 31 December 2018
- 1 January 2018 to 30 June 2018
- 1 July 2017 to 31 December 2017
ARPC Policies/Procedures
Customer Transparency
ARPC strives to be high achieving, with its culture underpinned by its values of collaboration, integrity, personal leadership and delivering for our stakeholders.
In the spirit of customer transparency and the promotion of ethical management of public resources, ARPC has published the following policy and procedures:
Modern Slavery Act 2018
‘ARPC is committed to making sure that our operations and supply chain is free from modern slavery practices.
ARPC is dedicated to acting ethically, honestly, and with integrity in all business relationships and expect our supply chain to comply with similar values.
We strive to continually improve our processes of due diligence through the use of risk-based practices and controls throughout our procurement processes.
All staff have been trained on what modern slavery is and how it can impact individuals and groups within industries, organisations and workplaces.
As a reporting entity under the Modern Slavery Act 2018, ARPC reports annually on its actions to assess and address modern slavery risks.’
Gifts & Benefits Register
Australian Reinsurance Pool Corporation Gifts and Benefits
In the course of official duties, officials of ARPC received the following gifts and/or benefits where the value exceeds $A100 (excluding GST).
Period: 1 January 2022 to 31 March 2022. No gifts or benefits were received by ARPC officials during this period.
Date Received |
Date Recorded |
Gift item/benefit/services |
Received by (agency contact if not received directly by agency head) |
Presented by (giver’s name, organisation) |
Occasion |
Estimated value in $ (wholesale value in country of origin or current market value in Australia) |
09/12/2019 |
12/12/2019 |
2 x wine hamper |
CEO |
The New India Assurance Co. Ltd |
Unsolicited Christmas gift subsequently raffled to staff |
$200 |