Morrison Government to deliver reduced premiums through reinsurance pool

The Morrison Government has finalised the design of the reinsurance pool for cyclone and related flood damage following consultation on the draft legislation. The reinsurance pool will be backed by a $10 billion annually reinstated Commonwealth guarantee and be administered by the Australian Reinsurance Pool Corporation. The reinsurance pool will come into effect from 1 July 2022. More…

Final option for Cairns Western Arterial Road duplication revealed

The preferred upgrade option for Cairns Western Arterial Road between Redlynch Connector Road and Captain Cook Highway has been finalised. The Cairns Western Arterial Road Duplication is jointly funded by the Australian and Queensland governments with the Australian Government contributing $240 million and the Queensland Government $60 million. It will support an estimated 185 jobs over the…

Safety upgrades for major intersections in Cairns and Far North Queensland

Selected intersections along major Cairns roads will be earmarked for safety upgrades as part of a $44.1 million program across Far North Queensland. Deputy Prime Minister and Infrastructure, Transport and Regional Development Minister Barnaby Joyce said the funding is supporting the fast roll-out of life-saving safety works on rural and regional roads across Queensland. “One…

Support for farmers and the Great Barrier Reef

The Morrison Government will invest $10.7 million to support farmers across Tully and Johnstone catchments in a reef water quality program aimed at helping farmers and reducing dissolved inorganic nitrogen (DIN) runoff into the Great Barrier Reef. Federal Environment Minister Sussan Ley said the program will help farm productivity, improve nutrient management planning and fertiliser…