ICA commends the federal budget on resiliency and cybersecurity

The federal government has set aside a total of $201.26m in related measures

The Insurance Council of Australia (ICA) has welcomed the Federal Government’s 2022-23 Budget announcement of $201.26m in related measures to help better protect Australians from the impacts of extreme weather and improve protections against cyber attacks. 

Under its Emergency Management Fund, the government has committed over $112m (A$150m) per annum for recovery and post-disaster efforts for the next two years. An additional $87.41m has been provided to the Black Summer Bushfire Recovery Program, funding 524 community projects with a total program investment of more than $292m.

Additionally, Emergency Management Australia has also received $1.28m to improve the sharing of data and information across states and territories during large-scale disasters.

“The ICA has long been calling for the Federal Government to lift its investment in this area, and just last month released its Building a More Resilient Australia report which called for a doubling of Federal Government investment to $200 million in this area over the next five years, matched by the states and territories,” ICA said.

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