OFFICIAL

Dear Glenn

Thank you for your email. Please find attached your FOI acknowledgement
letter from ARPC.

Kind Regards,

Dee Jones | Manager, Board Secretariat

Australian Reinsurance Pool Corporation | Gadigal Country | Level 23, 1
Market Street Sydney 2000

e [1][email address]  

[2]arpc.gov.au | [3]LinkedIn

Disclaimer

The Australian Reinsurance Pool Corporation ("ARPC") is established by
section 9 of the Terrorism and Cyclone Insurance Act 2003 (Cth) ("the
Act").  The functions and powers of the ARPC are set out in sections 10
and 11 of the Act.  The ARPC's main functions are to provide insurance
cover for eligible terrorism losses and to operate a cyclone and related
flood damage reinsurance pool. The ARPC has power to do all things
necessary or convenient to be done for or in connection with the
performance of its functions.  In the performance of its functions, the
ARPC may engage in discussions with and provide information to insurers
concerning the provision by the ARPC of reinsurance cover for 'eligible
terrorism losses' and 'eligible cyclone losses' within the meaning of the
Act.  The ARPC does not hold itself out as providing legal or other advice
to insurers, the public or anyone else in relation to the interpretation,
construction or application of the Act or regulations made under the Act
or the reinsurance cover provided by the ARPC, and does not do so.  The
ARPC provides general information only on its website, in its publications
and in the course of its discussions and other dealings with insurers and
their representatives about the Act, the regulations made pursuant to the
Act and ARPC's reinsurance agreements with respect to 'eligible terrorism
losses' and 'eligible cyclone losses'.  That information does not
constitute legal or other advice and should not be relied on as such. 
Insurers and their representatives dealing with or proposing to deal with
the ARPC should obtain their own legal and other professional advice for
the purpose of making decisions (including in relation to dealing with the
ARPC and in relation to the reinsurance cover provided by the ARPC) and
otherwise on any matter in connection with the Act.  

Classification: OFFICIAL

Classified by: [email address] on: 20/12/2024 8:45:08 AM

References

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