REC187-2946

That a national agency sponsored by the Commonwealth Government be established to undertake national coordination of flood risk management and to operate the system of premium discounts and the flood risk reinsurance facility. The Agency would:
• coordinate flood mapping across the country (while leaving responsibility for undertaking flood mapping in the hands of State and Territory governments and local authorities);
• introduce national guidelines for flood risk mapping and classifications, prepared in consultation with producers and users of flood risk information;
• act as a national repository of flood risk information, primarily through collating and analysing information collected by others;
• continue development of the Insurance Council of Australia’s National Flood Information Database or an equivalent developed by the Agency;
• monitor the effectiveness of flood risk mitigation initiatives across the country and advise on priorities for flood risk mitigation;
• publish and disseminate flood risk information in forms appropriate to various groups of users; and
• oversee the quality of flood risk information.