Document / Publication
Source(s):
Australian Business Roundtable for Disaster Resilience & Safer Communities
Deloitte Access Economics
This report looks at the costs and long-term social impacts of natural disasters in Australia, including those on health and wellbeing, education, employment and community network. This report uses three case studies from different regions and periods - the 2010–2011 Queensland floods, the 2009 Victoria Black Saturday bushfires and the 1989 Newcastle earthquake - and assesses the tangible and intangible costs of the most recent two events.
The report finds the social costs of natural disasters in 2015 were at least equal to the physical costs, and it makes four key recommendations:
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