The Gillard Government will invest $100 million over two years to reduce flood risk and bring about real reductions in insurance premiums. The National Insurance Affordability Initiative will invest $50 million a year in targeted flood and other natural disaster mitigation measures, as well as establish a National Insurance Affordability Council. The Council will manage the national coordination of flood risk management, make recommendations to the Government on flood and other natural disaster mitigation projects and undertake other functions directed at reducing natural disaster insurance premiums. The Government has identified 3 priority areas of work for the Council to commence immediately: a $7 million contribution to building the Roma levee; $10 million to upgrade flood defences in Ipswich; up to $50 million over two years to any NSW Government proposal for flood mitigation in Western Sydney by raising the Warragamba Dam. My comment: WHAT HAS ANY OF THIS TO DO WITH US?