Today, we have declared Sunday's Bondi attack a terrorist incident for the purposes of the Terrorism and Cyclone Insurance Act 2003, based on advice from relevant agencies and following consultation with the Minister for Home Affairs.
This will ensure businesses can lodge insurance claims related to the Bondi terrorist attack.
No business affected by this despicable act should have a legitimate claim denied due to terrorism exclusions in their insurance policies.
This declaration overrules any terrorism exclusion clauses in affected businesses' insurance policies and means providers can't refuse claims on the grounds that losses arise from an act of terrorism. Relevant claims include:
- Commercial property damage,
- Business continuity losses,
- Public liability.
In the first instance, anyone seeking to make a claim should contact their insurer.
