Treasury & financeStatutory authorityExists today
Australian Reinsurance Pool Corporation
ARPC
2003 – present
Corporate Commonwealth entity that provides reinsurance for commercial property and business interruption losses from declared terrorist incidents and, since 2022, for cyclone and related flood damage.
How it came into existence
Established in 2003 under the Terrorism Insurance Act 2003, after insurers withdrew terrorism cover following the attacks of 11 September 2001. The function was new.
Legislation: Terrorism and Cyclone Insurance Act 2003 (formerly Terrorism Insurance Act 2003)
Changes during its life
- 2022The Act was renamed the Terrorism and Cyclone Insurance Act 2003 and the corporation began operating a cyclone reinsurance pool.
Main functions
- Terrorism reinsurance for commercial property and infrastructure
- Cyclone and related flood damage reinsurance pool
- Management of the terrorism reinsurance fund
Where it sits
In the portfolio of Department of the Treasury.
- Type of body
- Corporate Commonwealth entity
- Portfolio
- Treasury
- Accountable authority
- The members of the Corporation – Terrorism and Cyclone Insurance Act 2003 section 12 with reference to section 20(2) note
- ABN
- 74 807 136 872
Lineage
Loading lineage…
Sources
Primary sources
- List of Commonwealth entities and companies under the PGPA Act, 1 July 2026 (Department of Finance)
- Australian Government Organisations Register (Department of Finance, data.gov.au) (listed from 11 December 2014 to the latest release (30 June 2026))
Government records and websites
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.