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The Guardian - AU
The Guardian - AU
National
Stephanie Convery, Caitlin Cassidy and Amy Remeikis (earlier)

Coalition complains of ‘witch-hunt’ during question time – as it happened

Bill Shorten in question time
Bill Shorten called out the former prime minister Scott Morrison during Labor’s question time attacks on the robodebt scheme. Photograph: Lukas Coch/AAP

What we learned today, Wednesday 9 November

And that’s a wrap for the Australian politics liveblog for today. If you’re keen to keep up with what’s happening with the US mid-terms, follow along over here.

Here’s some of what we learned locally today:

Look after yourselves, mates, and we’ll be back with you bright and early tomorrow.

Updated

Cyclone reinsurance pool lowers expected premium cuts and is yet to sign up an insurer

Senate estimates has been hearing from the Australian Reinsurance Pool Corporation and its CEO, Chris Wallace, with the news not that promising for those in northern Australia hoping for some relief on soaring premiums.

First, the Labor senator Nita Green asked about how much cyclone-related insurance premiums were expected to fall given the Morrison government had promised drops of as much as 58%.

Well, as it turns out, the change of government meant Labor could get its mitts on the modelling and, lo and behold, the reductions in premiums were much less. Two cracks at getting a better fix in June and then October now points to much smaller reductions, ranging between 6% and 32%, so Wallace said.

As Green stated, “people have had enough of being lied to or misled”, with a barb towards the previous government.

We’ll have more on this soon, but it’s fair to say many locals are already seeing premiums climb, so there won’t be much benefit when it lands.

And that won’t be until the end of next year for big insurers and the end of 2024 for smaller insurers – none of which have signed up so far, Wallace said.

So, the bottom line – there may be relief but for many there are two cyclone seasons to get through. And a parliamentary inquiry later this month to hear more about troubles with the scheme.

Stay tuned.

Updated

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