On 6 December 2021 the Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, released the final report on the insurance crisis facing Australia’s amusement, leisure, and recreation sector. 

The report, The Show Must Go On, finds a Discretionary Mutual Fund (DMF) is the most practical and durable solution to enable the amusement, leisure and recreation sector to remain operational in a hardened global insurance market.

Background

On 04 June 2021 Bruce Billson launched a Review of the Discretionary Mutual Fund proposed for small businesses in the amusement, leisure, and recreation sector unable to secure essential insurance coverage.

On 20 October 2021 the interim report was released. In the report The Ombudsman called for submissions from those in the industry. The interim report followed ASBFEO's 2020 inquiry into the insurance market for small businesses, and approaches to the Office by a number of business sectors still unable to secure insurance coverage. The 2021 Budget partially implemented recommendation 8 from the Insurance Inquiry, by establishing a reinsurance pool for cyclone and flood coverage in Northern Australia. 

Media releases

Ombudsman launches Review of Discretionary Mutual Fund proposal

Ombudsman’s report says the show must go on

Ombudsman’s final report finds ‘Show Must Go On’ despite insurance crisis

Submissions

01

Adelaide Showground

02

Sportscover Australia

03

Allplay

04

Showmans Guild of South Australia

05

Melbourne Cable Park

06

Townsville Enterprise

07

Play Australia

08

Jetski Hire

09

Queensland Small Business Commissioner

10

Royal Agricultural Society of NSW

11

Marsh Australia

12

Coversure

13

National Insurance Brokers Association

14

Regis

15

Redpath Cathcart

16

Council of Small Business Organisations Australia

17

Caravan Industry Association

18

Insurance Council of Australia

19

Zoo and Aquarium Association Australia

20

Australian Amusement, Leisure and Recreation Association

21

Law Council of Australia

22

Planet Entertainment

23

Business Council of Co-operatives and Mutuals


The Report Overview, Interim Report, and the Final Report are available below.