Resource Industry Network Briefing, Mackay, Friday 3rd February 2023
CRE partners with Resource Industry Network and other regionally based industry advocates to help mining, construction, and engineering companies tackle their contract negotiations and operational risks head on, with the confidence of having people with our experience that is rarely available to clients based outside of capital cities.
Arising from the blindside cash grab being perpetrated by the Queensland Government against the coal industry in Queensland, there may be some potential concessions for producers on their insurance programs.
Now we are through the full Financial Year for 2022, we lift our eyes to the year ahead having generally overcome a lot of market challenges in the last couple of years; now to only face even more.
This class of insurance is specifically designed to respond in the event of an insured business, its employees, directors and officers inadvertently breaching an Act of any Australian Parliament by covering defence costs and fines or penalties issued against the business or individuals.
Governments are constantly legislating new laws or amending current legislation to place greater deterrents on businesses with subsequent fines increasing and in some instances being linked to current Consumer Price Index (inflation) levels.