FIT Sponsorship
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Politics

First Steps for Natural Disaster Funding Inquiry


Tuesday, 29th April 2014 at 10:08 am
Lina Caneva, Editor
The terms of reference for a Productivity Commission inquiry into natural disaster funding arrangements has been released.

Tuesday, 29th April 2014
at 10:08 am
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
First Steps for Natural Disaster Funding Inquiry
Tuesday, 29th April 2014 at 10:08 am

The terms of reference for a Productivity Commission inquiry into natural disaster funding arrangements has been released.

According to the Federal Government, the inquiry will analyse the full scope of current Federal and State expenditure on natural disaster mitigation and recovery.

It said the inquiry had received full support from State and Territory Governments and the Australian Local Government Association— who were all consulted on the inquiry's terms of reference.

“The Productivity Commission will identify options for achieving an effective and sustainable balance between natural disaster recovery and mitigation funding, to help communities better prepare for disasters,” Federal Treasurer Joe Hockey said.

“Natural disasters can cripple communities and businesses, and have an enormous impact on our economy.

“It is essential that we build safer and more resilient Australian communities and this inquiry will be crucial in informing how government funding should be targeted to help achieve this …

“Since mid-2009 Federal costs for disaster recovery, under the cost-shared Natural Disaster Relief and Recovery Arrangements (NDRRA) alone, have exceeded $12 billion.”

The Productivity Commission's terms of reference provide for consideration of:

  • the sustainability and effectiveness of current arrangements for funding natural disaster mitigation, resilience and recovery initiatives;
  • risk management measures available to, and being taken by, asset owners;
  • future options to most effectively fund natural disaster recovery and mitigation;
  • incentives to support cost-effective decision making; and
  • mechanisms and models to prioritise mitigation opportunities and evaluate the costs and benefits of a range of mitigation options.

The Productivity Commission will seek submissions to the inquiry.

The Commission will report on its draft findings in September 2014 and deliver a final report to the Government at the end of the year.

For more information, visit www.pc.gov.au.


Lina Caneva  |  Editor |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.

FEATURED SUPPLIERS


Yes we’re lawyers, but we do a lot more....

Moores

Fantastic digital management app for organisations deliverin...

Ateesa

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers


YOU MAY ALSO LIKE

$110M Package Tackles Anxiety and Depression Among Young Australians

Wendy Williams

Tuesday, 9th January 2018 at 8:46 am

State Asthma Foundations Merge to Form National Health Charity

Wendy Williams

Monday, 16th October 2017 at 12:19 pm

Have You Been Commodified?

David Crosbie

Thursday, 12th October 2017 at 8:36 am

POPULAR

$110M Package Tackles Anxiety and Depression Among Young Australians

Wendy Williams

Tuesday, 9th January 2018 at 8:46 am

Privatisation Poses New Challenges for NFPs Managing Their Workforce

Luke Michael

Tuesday, 9th January 2018 at 4:36 pm

Social Enterprise Announces $500,000 Funding for Social and Affordable Housing

Luke Michael

Monday, 15th January 2018 at 11:26 am

White Ribbon Australia CEO Announces Retirement

Wendy Williams

Wednesday, 10th January 2018 at 5:15 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


FIT Sponsorship
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!