Treasury Laws Amendment (Cyclone and Flood Damage Reinsurance Pool) Bill 2022

The majority voted against an amendment introduced on behalf of Queensland Senator Murray Watt (Labor), which means it failed.

Amendment text

At the end of the motion, add ", but the Senate resolves that:

(a) there be laid on the table by the Minister representing the Treasurer by no later than 1 April 2022:

(i) the cat modelling or any other modelling provided to the Government during the consultation process for the establishment of the cyclone and related flood damage reinsurance pool, and

(ii) any other documentation that shows the figures used to make claims by the Government that savings or cost increases for insurance consumers will be achieved by the introduction of the cyclone and related flood damage reinsurance pool; and

(b) if the Senate is not sitting when the documents are ready for presentation, the documents are to be presented to the President under standing order 166".