Yesterday, the government announced the appointment of Karen Payne and Ian Carson to the Australian Reinsurance Pool Corporation (ARPC).
The ARPC administers a scheme to provide terrorism insurance coverage for commercial and, from 1 July 2017, mixed-use and high-value residential property and associated business interruption.
Ms Payne, who is currently the part-time CEO and a part-time member of the Board of Taxation, has been appointed as a part-time member for a three-year period from 5 October 2017 up to and including 4 October 2020.
Mr Carson, who is currently a partner and the chairman of professional advisory firm PPB Advisory, has been appointed as the part-time chair for a three-year period from 1 July 2017 up to and including 30 June 2020.
He is also a registered liquidator and a fellow of the Australian Institute of Company Directors.
“The government would like to thank current ARPC chair Ms Joan Fitzpatrick, whose term is due to expire on 30 June 2017 and Mr Tom Karp whose term as a member will expire on 4 October 2017,” a statement from Kelly O’Dwyer, minister for revenue and financial services, said.
“The government greatly appreciates the dedication of both Ms Fitzpatrick and Mr Karp in their roles.”