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Natural Hazards Insurance Bill

Government Bill
Published date: 10 Nov 2023

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This bill replaces the Earthquake Commission Act 1993 and changes the name of the Earthquake Commission to Toka Tū Ake – Natural Hazards Commission. The overarching objectives of the changes are to enable better community recovery from natural hazards, to clarify the role of the Commission and the cover provided by the Bill, and to enhance the durability and flexibility of the legislation.
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confirmation_number Bill No.113-3
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Progress of the Bill

Details
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Assented on 26 Feb 2023

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Act: Natural Hazards Insurance Act 2023

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Royal Assent

The Governor-General formally signs the bill into law.

Resources

  • Member(s) in charge: Hon Dr Deborah Russell
    Type of Bill: Government
    Parliament: 53
    Bill no: 113-3
    Introduction: 15 Mar 2022
    First reading agreed: 30 Mar 2022
    Referred to: Finance and Expenditure
    Submissions due: 12 May 2022
    Select Committee Report(s): Natural Hazards Insurance Bill - 29 Sep 2022
    Second reading agreed: 14 Nov 2022
    Committee of the whole House concluded: 08 Dec 2022
    Third reading agreed: 21 Feb 2023
    Royal assent: 26 Feb 2023
    Act: Natural Hazards Insurance Act 2023