Inquiry into natural disaster funding arrangements

The Federal Government this week released terms of reference for a Productivity Commission inquiry into natural disaster funding arrangements.

Federal Member for Hinkler Keith Pitt said the Coalition established the inquiry to identify options for achieving an effective and sustainable balance between recovery and mitigation.

“The Hinkler electorate has endured tornadoes, two major floods and a drought in three years,” Mr Pitt said.

“As we have seen, natural disasters can cripple communities and businesses, and have enormous impact on our economy.

“Since 2009, the Commonwealth has spent more than $12 billion on natural disasters.

“This inquiry will be crucial in ensuring Government funding is carefully targeted in future.”

The Commission will soon be seeking submissions, and will release a draft report in September.

More information is available at www.pc.gov.au