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State Assurance

Volume 161: debated on Wednesday 14 March 1923

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asked the Prime Minister if he is aware that the Queens-land Government by instituting State Assurance has reduced rates 33 per cent., saving the insured .£350,000 in five years and building up a. surplus of £70,000; if the Government Assurance Office doubled the weekly rates of compensation for accidents and also the compensation paid for deaths; and if, in view of this, the Government will consider the advisability of introducing State Assurance in this country instead of proceeding with the Industrial Assurance Bill?

A State scheme of life insurance is already in operation in this country under the direction of the Post Office, premiums being payable weekly if desired, and the Health Insurance Scheme provides a small measure of accident insurance under State auspices. I am not prepared to extend these facilities, and I think it would be very undesirable not to proceed with the Industrial Assurance Bill.