Rockliff Grilled on Controversial Insurance Deal

Tas Labor

Question 1: What modelling are you relying on to claim that households would save $250? Who did the modelling for you and why won't you release it?

Question 2: The Insurance Council of Australia Estimates the financial loss of a major fire event around Hobart would be $4.1 billion. Do you accept that even if TasInsure only took a relatively small percentage of the market, a major event would send MAIB broke and leave massive liabilities with taxpayers?

Question 3: Do you have, and will you commit to releasing a detailed business case?

Question 4: Do you accept that you plan exposes RACT, which is owned by Tasmanians for Tasmanians, to massive financial risk?

Question 5: Have you examined case studies, such as a US equivalent proposal for Bushfire and Flood insurance which was bankrupted costing taxpayers over $20 billion?

Question 6: How many staff will it have?

Question 7 : What is the annual operating cost?

Question 8: How much equity will TasInsure need? Given the Tasmanian budget is already sinking towards $13 billion in net debt, where will that come from and doesn't it risk another credit downgrade?

Question 9: Given it's your number one policy, have you submitted it to Treasury?

Question 10: When will it be up and running?

Josh Willie MP

Shadow Treasurer

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