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Federal
Corporate Commonwealth Entity
Finance and Treasury

Australian Reinsurance Pool Corporation

Portfolio: Treasury

http://www.arpc.gov.au

Annual Budget

$120M

2025-26 Budget
Flat vs prior year
Total Revenue

$600M

2024-25 Total Revenue
Staff

50

Headcount (2024-25)
Major Digital Projects
17

Big Data, Timely Insights (BDTI)

Australian Bureau of Statistics

Tier 1
DCA: Medium-High
Active

Total Budget

$225M

Digital Budget

$133.1M

July 2023June 2030

BDTI Phase 2 provides a pathway off legacy ICT systems, ensuring the Australian Bureau of Statistics maximises the reuse of new tools and lessons across the organisation. The project involves rebuilding and securing the Consumer Price Index (CPI) ICT system, delivering a complete monthly measure of the CPI, building the business statistics production process in the cloud, replacing the legacy Business Register with an expanded Business Characteristics Asset in the cloud, and industrialising the Australian Bureau of Statistics cloud environment. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges.

Counter Fraud Program (Protecting against fraud and strengthening system integrity)

Australian Taxation Office

Tier 1
DCA: Medium-High
Active

Total Budget

$187M

Digital Budget

$68.4M

July 2024June 2028

The Counter Fraud Program will strengthen the Australian Taxation Office’s ability to prevent, detect, contain and bring consequence to fraud and financial crime against the tax and superannuation systems.

Foreign Investment Digital Transformation (FIDT) Program

Department of the Treasury

Tier 1
DCA: Medium
Closed

Total Budget

$70M

Digital Budget

$68.8M

September 2020June 2025

The Treasury is undertaking a transformation program to support the government’s foreign investment framework and replace the current Foreign Investment Management System. This program will deliver a fully functional end-to-end case management system, a register of foreign ownership of Australian assets, and an improved analytics capability. On 25 June 2025, the FIDT Program was formally closed following the successful delivery of all approved program outcomes. As part of the program closure, Treasury successfully transitioned the capabilities into ongoing sustainment and support.

Payday Super Program

Australian Taxation Office

Tier 1
DCA: Medium-Low
Active

Total Budget

$403.3M

Digital Budget

$262.2M

September 2024June 2028

The Payday Super project will address the systemic issue of unpaid and underpaid super guarantee by employers, by moving the obligation to pay from a quarterly to payday cycle. The Australian Taxation Office is building and improving data matching capabilities to match employers’ payroll data with super contribution data, providing it with near real-time visibility as to whether employers have met their obligations. The government will also redesign the super guarantee legislation in line with the move to payday super. Penalties and charges will reflect the serious nature of unpaid or underpaid super guarantee and will be recalibrated to encourage prompt rectification of non-payment with scalable consequences to deter severe or repeated non-compliance. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges. The delivery confidence of the program has improved following the passage of legislation in November 2025.

RegistryConnect Program

Australian Securities and Investments Commission

Tier 1
DCA: Medium-High
Active

Total Budget

$361.5M

Digital Budget

$288.4M

November 2023June 2030

The Australian Securities and Investments Commission (ASIC) RegistryConnect Program will deliver reliable, secure, trusted and efficient registry services to support the economy for the benefit of all Australians. The program’s objectives include: stabilising Registry technology to increase the security, reliability and performance of ASIC registers; modernising and uplifting the registers, user channels and interfaces; improving the quality and integrity of registry data; achieving policy and law reform; and developing enduring capabilities.

2026 Census - Addressing Risks and Delivering a High Quality, Trusted Census

Australian Bureau of Statistics

Tier 2
DCA: Medium-High
Active

Total Budget

$726M

Digital Budget

$164.4M

January 2022December 2027

The Census and Statistics Act 1905 requires the Australian Bureau of Statistics to conduct a Census every 5 years. The Census provides the base for official counts of Australians and the dwellings they live in. It is a snapshot of the economic, social and cultural make-up of the nation, and tells the story of how Australia is changing over time.

Better Targeted Superannuation Concessions (BTSC)

Australian Taxation Office

Tier 2
DCA: Medium-High
Active

Total Budget

$51.4M

Digital Budget

$28.6M

July 2023September 2027

The BTSC measure aims to reduce tax concessions for individuals with a total superannuation balance exceeding $3 million, effective from 1 July 2026. This project is enabling the delivery of this measure with first assessments expected to be issued in the second half of 2027–28.

Cyber Digital Transformation X (Cyber DTx)

Australian Securities and Investments Commission

Tier 2
DCA: Medium
Active

Total Budget

$45.5M

Digital Budget

$45.5M

July 2024June 2028

The Cyber DTx Initiative will enhance existing cyber capabilities to secure ASIC’s existing and future networks, systems and data. The program will deliver a range of capabilities that secure ASIC regulatory systems and uplift maturity against the Cyber Essential Eight Maturity Model.

Data Acquisition Modernisation Program

Australian Bureau of Statistics

Tier 2
DCA: Medium
Active

Total Budget

$98.1M

Digital Budget

$50.8M

January 2025June 2027

The Australian Bureau of Statistics Data Acquisition Modernisation program aims to: • improve the digital experience for key surveys and allow for modern, accessible, and secure data collection processes • transform and modernise the Australian Bureau of Statistics contact centre to improve the experience for our customers and staff • continue to modernise and replace legacy IT systems by transitioning key products and processes to a secure and scalable cloud environment.

Data and Technology Program – Governance Uplift and Investment in Data Enablement (GUIDE)

Australian Prudential Regulation Authority

Tier 2
DCA: Medium-High
Active

Total Budget

$73.2M

Digital Budget

$38M

July 2024June 2028

The GUIDE program is a multi-year strategic investment in data capabilities and security position of the Australian Prudential Regulation Authority (APRA), including APRA’s supervision management system. By investing in data governance, security and infrastructure, the program aims to ensure that APRA can continue to effectively fulfil its mandate, mitigate risks and support the stability and resilience of the Australian financial system.

Implementation of a Global and Domestic Minimum Tax (Pillar 2)

Australian Taxation Office

Tier 2
DCA: Medium-High
Active

Total Budget

$110.5M

Digital Budget

$33.6M

July 2023June 2028

The Global Minimum Tax and Domestic Minimum Tax are part of a coordinated effort to address tax challenges arising from the digitalisation of the economy. Australia, along with more than 130 other jurisdictions, agreed to a statement that set out the framework for Pillar 2 (the Global Anti-Base Erosion [GloBE] Model Rules). Implementing Pillar 2 will further strengthen Australia’s ability to address multinational tax avoidance. The investment provides the Australian Taxation Office with the means to ensure resources are available for the ICT and data requirements to implement and administer this measure, as well as ensuring a strong ongoing compliance, advice and education focus to support the in-scope population. At the time of preparing this report, this project is subject to the escalation protocols set out in the Assurance Framework for Digital and ICT Investments. These protocols are designed to support agencies in the timely resolution of delivery challenges.

Modernisation of Tax Administration systems (MTAS)

Australian Taxation Office

Tier 2
DCA: Medium
Active

Total Budget

$87.9M

Digital Budget

$69.7M

January 2025June 2029

Improvements to Australian Taxation Office systems will reduce compliance costs on an ongoing basis for trustees, beneficiaries and tax agents – making lodgement easier and enabling the vast majority of trust tax returns to be lodged electronically. The improvements will also enable prefill of trust income for beneficiaries, in the same way salary and wages, bank interest and other types of income are currently prefilled. Prefill capability will be enhanced by proposed legislative amendments that require trustees to report the Tax File Numbers of beneficiaries on the trust income tax return’s Statement of Distribution when they have an entitlement to trust income.

National Anti-Scam Centre (NASC)

Australian Competition and Consumer Commission

Tier 2
DCA: Medium
Active

Total Budget

$80.5M

Digital Budget

$42.7M

July 2023June 2026

The NASC is a world-leading initiative to make Australia the hardest country for scammers to victimise citizens in. It will disincentivise scammers from targeting Australia and result in significantly less scam attempts.

Critical Minerals Production Tax Incentive

Australian Taxation Office

Tier 3
Active

Total Budget

$12M

Digital Budget

$2M

June 2024December 2029

The Critical Minerals Production Tax Incentive were announced in the 2024–25 Budget under the measure, Future Made in Australia – Making Australia a Renewable Energy Superpower. The Australian Taxation Office is responsible for assessing tax claims under this project, including assessing payment eligibility, and processing tax payments, in consultation with Department of Industry, Science and Resources.

Cyber Security Program (previously Building Cyber Resilience)

Australian Taxation Office

Tier 3
Active

Total Budget

$136.4M

Digital Budget

$136.4M

January 2018December 2026

The program focuses on uplifting Cyber Essential Eight Maturity to Level 2, providing fit-for-purpose security services to protect the Australian Taxation Office’s digital ecosystem. The program’s outcomes will increase the Australian Taxation Office’s cyber maturity by delivering enhanced cyber capabilities and technologies.

Hydrogen Production Tax Incentive

Australian Taxation Office

Tier 3
Active

Total Budget

$9.5M

Digital Budget

$4.8M

June 2024December 2029

The Hydrogen Production Tax Incentive were announced in the 2024–25 Budget under the measure, Future Made in Australia – Making Australia a Renewable Energy Superpower. The Australian Taxation Office is responsible for assessing tax claims under this project, including assessing payment eligibility, and processing tax payments, in consultation with the Clean Energy Regulator.

Payment Times Reporting Scheme (PTRS) - ICT Infrastructure rebuild

Department of the Treasury

Tier 3
Active

Total Budget

$8.9M

Digital Budget

$8.9M

July 2024June 2026

This ICT infrastructure rebuild supports improved reporting following reforms to the Payment Times Reporting Scheme. A modern portal will streamline and reduce the regulatory burden of reporting, and the public will be able to search and interrogate payment times information, including the best and worst paying large businesses using new dashboards. Increasing the transparency of large businesses’ payment performance towards their small business suppliers can incentivise fairer and faster payments to small business.

Ideas relevant to this department

8 tagged

Reform proposals on YourGov that name this department as a delivery partner — drawn from citizen voice, government strategy, research, international examples and gap analysis.

STRATEGY SUMMARY

ARPC’s purpose is to provide the Australian community, through reinsurance, accessible and affordable insurance for terrorism and cyclone.

PURPOSE

ARPC’s purpose is to provide the Australian community, through reinsurance, accessible and affordable insurance for terrorism and cyclone.

Corporate Plan 2024 · p.7

Strategic priorities

· 4

1

Deliver sustainable reinsurance for eligible terrorism and cyclone events to enable insurers to deliver insurance covera

Deliver sustainable reinsurance for eligible terrorism and cyclone events to enable insurers to deliver insurance coverage.

Corporate Plan 2024 · p.7
2

Optimise the pools to enhance effectiveness and affordability.

Corporate Plan 2024 · p.8
3

Build our data analytics and insights capability to support risk mitigation and enhance accessibility and affordability

Build our data analytics and insights capability to support risk mitigation and enhance accessibility and affordability of insurance.

Corporate Plan 2024 · p.8
4

Continue to build capability and a customer and risk-focused culture to drive ongoing improvements in performance.

Corporate Plan 2024 · p.8

Outcomes

· 4

Outcome 1: Deliver sustainable reinsurance for eligible terrorism and cyclone events

ARPC will deliver sustainable reinsurance for eligible terrorism and cyclone events to enable insurers to deliver insurance coverage.

KEY ACTIVITIES

  • Efficient and effective collection of premiums, payment of claims, and management of pool net assets
  • Purchase of reinsurance (retrocession) coverage to protect the terrorism pool net assets
  • Monitor effectiveness of cyclone pool pricing, management of net assets and the risks affecting the pools

Outcome 2: Optimise the pools to enhance effectiveness and affordability

ARPC will optimise the pools to enhance effectiveness and affordability.

KEY ACTIVITIES

  • Share de-identified and aggregated data and risk insights with government agencies to support disaster risk mitigation activities
  • Publish statistics on pool performance and impact

Outcome 3: Build our data analytics and insights capability

ARPC will build its data analytics and insights capability to support risk mitigation and enhance accessibility and affordability.

KEY ACTIVITIES

  • Continue to invest in our people and their well-being, including a focus on leadership development
  • Deliver ARPC led research and work with research partners to develop terrorism and cyclone risk insights

Outcome 4: Continue to build capability and a customer and risk-focused culture

ARPC has an ongoing focus on developing internal capabilities to sustain and strengthen our customer and risk-focused culture.

KEY ACTIVITIES

  • Optimise processes and systems to efficiently and effectively manage the pools
  • Continue to build risk capabilities and mature our risk management framework

Values

· 4

Service

Integrity

Respect

Wellbeing

Performance measures

· 5

CodeMeasureTarget 2025-26Latest resultStatus

CCE01

Terrorism Stakeholder Perception Index score

greater than 70%

Corporate Plan 2024 · p.25

Met

Annual Report 2024-25 · p.9
Achieved

CCE02

Cyclone Stakeholder Perception Index score

greater than 70%

Corporate Plan 2024 · p.25

Met

Annual Report 2024-25 · p.9
Achieved

CCE03

Operating expenses within budget

Operating expenses within board approved budget of $31m for 2024-25

Corporate Plan 2024 · p.25

Met

Annual Report 2024-25 · p.9
Achieved

CCE04

Insurer customer satisfaction

Target met

Corporate Plan 2024 · p.25

Met

Annual Report 2024-25 · p.9
Achieved

CCE05

Insurer customer satisfaction

Met

Annual Report 2024-25 · p.9
Achieved

Ideas distilled from this entity's strategy & evidence

· 8

Data & Performance

Streamline data sharing with government agencies

Automate and expedite the sharing of de-identified and aggregated data with government agencies to enhance disaster risk mitigation.

Impact: Medium
Effort: Medium
Small

2024.pdf

Case Processing

Reduce claims processing time

Implement a new claims processing system to reduce the time taken to process and pay out claims.

Impact: High
Effort: High
Small

2024.pdf

Citizen Participation

Enhance stakeholder engagement

Establish a dedicated stakeholder engagement team to improve communication and feedback mechanisms with key stakeholders.

Impact: High
Effort: High
Medium

2024.pdf

Capability Building

Enhance modelling and data analytic capabilities

Invest in advanced modelling and data analytic tools to generate more accurate and timely insights.

Impact: Very High
Effort: High
Large

2024.pdf

Staff Productivity

Optimise operational efficiency

Conduct a process review to identify and eliminate inefficiencies in daily operations.

Impact: Medium
Effort: Medium
Small

2024.pdf

Procurement & Delivery

Benchmark against international best practices

Benchmark ARPC’s procurement and delivery processes against international best practices to identify areas for improvement.

Impact: High
Effort: High
Large

global-intelligence-brief.pdf

Risk & Assurance

Implement advanced risk mitigation tools

Adopt advanced risk mitigation tools to better predict and manage potential risks.

Impact: Very High
Effort: High
Large

2024.pdf

Data & Performance

Enhance transparency in reporting

Introduce more transparent and detailed reporting on the financial and operational performance of the pools.

Impact: High
Effort: Medium
Medium

2024.pdf

Data & Performance

Streamline data sharing with government agencies

Automate and expedite the sharing of de-identified and aggregated data with government agencies to enhance disaster risk mitigation.

Impact: Medium
Effort: Medium
Small

2024.pdf

Case Processing

Reduce claims processing time

Implement a new claims processing system to reduce the time taken to process and pay out claims.

Impact: High
Effort: High
Small

2024.pdf

Citizen Participation

Enhance stakeholder engagement

Establish a dedicated stakeholder engagement team to improve communication and feedback mechanisms with key stakeholders.

Impact: High
Effort: High
Medium

2024.pdf

Capability Building

Enhance modelling and data analytic capabilities

Invest in advanced modelling and data analytic tools to generate more accurate and timely insights.

Impact: Very High
Effort: High
Large

2024.pdf

Staff Productivity

Optimise operational efficiency

Conduct a process review to identify and eliminate inefficiencies in daily operations.

Impact: Medium
Effort: Medium
Small

2024.pdf

Procurement & Delivery

Benchmark against international best practices

Benchmark ARPC’s procurement and delivery processes against international best practices to identify areas for improvement.

Impact: High
Effort: High
Large

global-intelligence-brief.pdf

Risk & Assurance

Implement advanced risk mitigation tools

Adopt advanced risk mitigation tools to better predict and manage potential risks.

Impact: Very High
Effort: High
Large

2024.pdf

Data & Performance

Enhance transparency in reporting

Introduce more transparent and detailed reporting on the financial and operational performance of the pools.

Impact: High
Effort: Medium
Medium

2024.pdf

Legislation administered

· 2

Act

2003

Terrorism and Cyclone Insurance Act 2003

ARPC administers the terrorism and cyclone reinsurance pools as legislated.

Act

2013

Public Governance, Performance and Accountability Act 2013

ARPC operates in accordance with its financial and non-financial reporting requirements.

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