The Insurance Council of Australia (ICA) has welcomed the increase in funds allocated in the 2016 Federal Budget towards making Australian communities and infrastructure more resilient to natural disasters.
Rob Whelan, CEO of the Insurance Council of Australia, said with state and territory governments typically committing to match federal funds delivered through the partnership, more than $100 million could be available next financial year for priority projects that can potentially reduce the impact of disasters such as bushfires, cyclones and floods.
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