DESTRUCTIVE: Floodwaters in Brisbane on May 1 last year.
DESTRUCTIVE: Floodwaters in Brisbane on May 1 last year. Qfesaap

Natural disasters to cost $33 billion a year by 2050

THE cost of responding to natural disasters around Australia is set to hit $33 billion a year from 2050, a new report shows.

A Turnbull government-commissioned report released yesterday showed disasters cost the nation about $9 billion last year.

The report also forecast costs of about $17 billion to rebuild infrastructure expected to be damaged between 2015 and 2050.

It follows a Productivity Commission inquiry into the nation's disaster response framework. It made a raft of recommendations, including that millions more be spent on mitigation works such as flood levees.

However, the government has responded only in part to that inquiry's recommendations, making little change to mitigation funding arrangements.

The government did act on the inquiry's call to let councils use their resources in the immediate response rather than be forced to use external contractors.


Reef campaigners decry decision to move CQ mine forward

Premium Content Reef campaigners decry decision to move CQ mine forward

The Department of Environment announced on Friday it was allowing Clive Palmer’s...

NRLW big guns in CQ for coaching clinics

Premium Content NRLW big guns in CQ for coaching clinics

Local touch, rugby league players can learn from the best this weekend.

$400k lawsuit after horse kicks woman at yearling sale

Premium Content $400k lawsuit after horse kicks woman at yearling sale

The woman claims the incident left her with life-long injury