Warren Entsch says northern Australia scheme aimed at cyclone-prone Queensland should be extended to other parts of the country
The Morrison government should expand its $10bn cyclone reinsurance pool in northern Australia to cover natural disasters – including catastrophic floods and bushfires – in other parts of the country, according to the scheme’s principal architect.
The veteran Liberal MP Warren Entsch campaigned for the scheme for more than a decade before Scott Morrison ultimately agreed to implement a reinsurance pool for northern Australia, backed by a $10bn government guarantee, which aims to protect more than 500,000 properties.