This paper introduces an inquiry into the effectiveness and sustainability of Australia’s natural disaster funding arrangements, and invites submissions from the public.
This inquiry is about the effectiveness and sustainability of Australia’s natural disaster funding arrangements. The Commission has been asked to assess the full scope of current Commonwealth, state and territory expenditure on natural disaster mitigation, resilience and recovery and to identify reforms which achieve an effective and sustainable balance between natural disaster recovery and mitigation funding to help communities better prepare for disasters.
The Commission has been asked to develop findings on the following:
- the sustainability and effectiveness of current arrangements for funding natural disaster mitigation, resilience and recovery initiatives
- the risk management measures available to and being taken by asset owners
- the interaction between natural disaster funding and federal financial arrangements
- options to achieve an effective and sustainable balance of expenditure on natural disaster mitigation and recovery
- how stakeholders can most effectively fund natural disaster recovery and mitigation initiatives
- how to ensure the right incentives are in place to support cost-effective decision making
- mechanisms and models to prioritise and evaluate mitigation opportunities
- the role of urban planning, land-use policy and infrastructure investment in supporting cost-effective risk management
- options to fund identified natural disaster recovery and mitigation needs.
The terms of reference also request the Commission to investigate the medium and long-term impacts of reform options on the Australian economy and costs to governments, and to consider the transitional and implementation issues of proposed reforms.
The Commission will take into account evidence from previous reports and from the report of the National Commission of Audit that was released on 1 May. It will take into account infrastructure and asset management policy (including the Commission’s current inquiry into public infrastructure) and will consider natural disaster risk management and funding best practices from Australia and overseas.
This issues paper was released on 9 May 2014 and is intended to assist you in preparing a submission to the Commission. It covers a range of issues on which the Commission seeks information and feedback.
Initial submissions are due by Friday 6 June 2014. Opportunity for further comment will be sought upon release of the draft report in September 2014.
Find out more about making a submission here.