The Royal Commission into the collapse of the HIH Group of Companies (HIH) recommended that ' ... the Commonwealth Government introduce a systematic scheme to support policy holders of insurance companies in the event of the failure of any such company'. On that basis Professor Davis was appointed to lead a Technical Study into the merits of a limited explicit guarantee system for the Australian financial system.
"The Royal Commission into the collapse of the HIH Group of Companies (HIH) recommended that ' ... the Commonwealth Government introduce a systematic scheme to support policy holders of insurance companies in the event of the failure of any such company'. On that basis Professor Davis was appointed to lead a Technical Study into the merits of a limited explicit guarantee system for the Australian financial system."@en
Australia. Department of Communications, Information Technology and the Arts. Intellectual Property Branch.
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