03/20/2026 | Press release | Distributed by Public on 03/19/2026 23:34
20 March 2026
Australian Reinsurance Pool Corporation (ARPC) advises that the Assistant Treasurer has declared the incident involving the attempted bombing of a crowd of people, which occurred in the suburb of Perth, Western Australia, on 26 January 2026, to be a terrorism incident under the Terrorism and Cyclone Insurance Act 2003 (TCI Act).
Based on currently available information, the incident did not result in property damage or injuries, and no insured losses are expected.
The declaration reflects that the incident meets the definition of a terrorism event under the TCI Act.
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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