Release of the ACCC’s first interim report on the Northern Australia Insurance Inquiry
18 December, 2018
The Australian Competition and Consumer Commission (ACCC) has today released its Northern Australia Insurance Inquiry first interim report. The report and media release can be found here – www.accc.gov.au/insurance .
The report sets out our findings about the operation of markets for home, contents and strata insurance in northern Australia. It also set out measures that could be taken to begin to address the problems identified.
The report also outlines focus areas for the next stage of our inquiry. The key focus in 2019 will be to explore what further measures could be considered to improve the affordability and availability of insurance in northern Australia.
The report invites submissions on draft recommendations. Submissions are due on 12 April 2019.