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 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 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
Australian Reinsurance Pool Corporation Gifts and Benefits – 2019-20
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 September 2019 – 30 September 2020
| 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 |