❓ Hon Steve Martin asks about the Housing Indemnity Insurance (HII) scheme's financial status and future claims liability. The Minister for Commerce provides the current balance and assessment details.
AnsweredQoN 1374Legislative Council
QuestionView source ↗
HOUSING INDEMNITY
INSURANCE SCHEME
1374. Hon STEVE MARTIN to the Minister for Commerce:
I refer to the
housing indemnity insurance scheme.
(1) What is the
current balance of the HII scheme fund?
(2) How is the
future claims liability assessed?
(3) What is the
current assessed future claims liability?
INSURANCE SCHEME
1374. Hon STEVE MARTIN to the Minister for Commerce:
I refer to the
housing indemnity insurance scheme.
(1) What is the
current balance of the HII scheme fund?
(2) How is the
future claims liability assessed?
(3) What is the
current assessed future claims liability?
AnswerView source ↗
I thank the
honourable member for some notice of the question.
(1) It is $55.7
million as at 31 October 2023.
(2) The future
claims liability is assessed annually by an independent actuary.
(3) It is $54.353
million as at the last annual actuarial assessment completed to 30 June 2023.
honourable member for some notice of the question.
(1) It is $55.7
million as at 31 October 2023.
(2) The future
claims liability is assessed annually by an independent actuary.
(3) It is $54.353
million as at the last annual actuarial assessment completed to 30 June 2023.
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