State and territory governments should be required to report on the following accountability requirements:
• published risk assessments in accordance with the National Emergency Risk Assessment Guidelines
• transparent natural disaster liabilities in state and territory government budgets
• asset registers and asset management plans at the state, territory and local government level that incorporate natural disaster risk
• implementation of the Enhancing Disaster Resilience in the Built Environment Roadmap
• effective mechanisms to identify and prioritise mitigation spending based on cost–benefit analysis and transparent decision making.
Specifically, effective mechanisms to identify and prioritise mitigation spending should include:
• project proposals that are supported by robust and transparent evaluations (including cost–benefit analysis, public consultation and assessment of non-quantifiable impacts), and that are consistent with state risk assessments
• considering alternative or complementary mitigation options (including structural and non-structural measures)
• using private funding sources where it is feasible and efficient to do so (including charging beneficiaries)
• transparent ex-post evaluation of mitigation projects.
The Australian Government should continue with the three-yearly reviews of state and territory governments’ insurance arrangements. The reviews, and government responses to their recommendations, should be published.

Recommendation 6