23 July 2012

Queensland punished by Feds for lack of protection over natural disasters

Gailes Caravan Park January 2011 - Queensland to
miss out on federal funding because of
poorly insured disasters like this.
QUEENSLAND is facing a cut to its GST share as punishment for not having a comprehensive insurance policy to protect vital infrastructure from natural disasters.

Attorney-General Nicola Roxon confirmed yesterday the 2012-13 GST distribution would take into consideration the states' natural disaster insurance premium payments over the past four years, as she released the government's response to a Senate committee report.

www.TheAustralian.com.au

20.7.12