Parliamentary Joint Committee on Corporations and Financial Services - Brisbane, QLD (part 2 of 2) — hearing of 16 June 2026: transcript & video · Polyfact

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Parliamentary Joint Committee on Corporations and Financial Services - Brisbane, QLD (part 2 of 2)

16 June 2026

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Contents updated on 21 Oct 2026

The Acting Chair completes formalities, notes parliamentary privilege and introduces the Queensland Small Business Commissioner and committee members before the Commissioner sets out the scale of Queensland SMEs and core insurance problems of affordability, availability and underinsurance, especially in disaster‑exposed regions.

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Opening, witnesses and SME insurance context

01:58

Committee formalities and witness introductions

01:58

Opening statement — insurance challenges for Queensland SMEs

03:06

Affordability, availability and disaster‑risk policy options

07:43

Chair: solutions on affordability, availability and leasing

07:43

Education, diverse cohorts and succession pressures

12:23

Cyclone reinsurance pool — impact and gaps

14:49

Q — Moncrief: expand pool to broader disasters

17:34

Professional indemnity, risk pools and market access

20:33

Q — Moncrief: professional indemnity and AFCA gap

20:33

Q — Jarrett: industry/government risk pools for uninsurable sectors

23:31

Offshore cover, extreme excesses and insolvency risk

26:55

Brokers, regional access and high‑risk sectors

28:58

Risk perception, postcode pricing and broker correction

32:04

Cyber insurance gaps, mutual funds and next steps

34:46

Cyber insurance gaps and real‑world SME impacts

34:46

Q — Scarr: discretionary mutual fund and Qld legislation

36:53

Scarr’s call for focused advocacy and hearing close

40:17

Parliamentary Joint Committee on Corporations and Financial Services - Brisbane, QLD (part 2 of 2)

16 June 2026

Parliamentary Joint Committee on Corporations and Financial Services Tue, 16 Jun 2026 Australian Parliament

00:00 - 00:02

Speaker 22

Finish early. Do you have any objection to that?

00:02 - 00:04

I have an objection.

01:57 - 02:09

Speaker 30

Representatives from the office of the Queensland Small Business Commission. I understand that information on parliamentary privilege and for the protection of witnesses giving evidence to this committee has provide...

02:09 - 02:12

Speaker 19

Has been provided to each of you. Yep.

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