Bondi Beach attack declared a terrorism incident under the Terrorism and Cyclone Insurance Act 2003

Bondi Beach attack declared a terrorism incident under the Terrorism and Cyclone Insurance Act 2003

16 December 2025

Australian Reinsurance Pool Corporation (ARPC) advises that the Bondi Beach attack on 14 December 2025 has been declared a terrorism incident for insurance purposes under the Terrorism and Cyclone Insurance Act 2003 (TCI Act).

The declaration made by the Treasurer activates the provisions of the Act relating to eligible terrorism losses. This enables insurers to access the protection of the Terrorism Reinsurance Pool, administered by ARPC, for eligible claims arising from the incident.
ARPC also confirms that the reduction percentage for this declared terrorism incident has been set at 0%. This means no reduction will apply to eligible insurer liabilities for the purposes of reinsurance recoveries under the TCI Act.

ARPC Chief Executive Dr Christopher Wallace said the declaration ensures that insured businesses will have certainty lodging insurance claims related to the incident.

"The Terrorism Reinsurance Pool exists to safeguard the Australian insurance market from the financial impact of rare but severe terrorism events. Today's declaration ensures insurers can apply the TCI Act provisions and begin assessing eligible claims under the framework of the scheme," Dr Wallace said.

"We are deeply saddened by the tragic incident that occurred at Bondi Beach. Our thoughts are with the families who have lost loved ones, the survivors, and everyone affected by this event."

Insurer Claims Notification

To assist ARPC in assessing potential losses and preparing for reinsurer engagement:

All insurer clients are requested to notify ARPC of any potential claims or losses arising from the Bondi Beach incident as soon as possible.

A terrorism exclusion in eligible policies has no effect to a loss or liability in the event of a declared terrorism incident. Insurers have the responsibility to assess, adjust and pay any claims on eligible policies in accordance with all other original policy terms and conditions.

About the Terrorism Reinsurance Pool

Under the TCI Act, ARPC provides reinsurance for commercial property, business interruption and public liability insurance against terrorism catastrophe losses. The scheme is backed by a $10 billion Commonwealth guarantee, ensuring financial capacity to support insurers and policyholders following a declared terrorism event.

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