The Bondi beach mass shooting in Australia on 14 December 2025 has been classified as a declared terrorism incident by the federal government.
Australia's Treasurer Jim Chalmers, on 16 December 2025, classified the attack as a declared terrorism incident under the Terrorism and Cyclone Insurance Act 2003 (TCI Act). This declaration has now activated the terrorism reinsurance pool, which is operated by the Australian Reinsurance Pool Corporation (ARPC).
Insurers will now be able to access the protection provided by the Pool for eligible terrorism losses. The event declaration overrides terrorism exclusion clauses in eligible contracts. ARPC, in a media release, also confirmed that the “reduction percentage for this declared terrorism incident has been set at 0%. This means no reduction will apply to eligible insurer liabilities for the purposes of reinsurance recoveries under the TCI Act.”
ARPC chief executive Christopher Wallace said, "The Terrorism Reinsurance Pool exists to safeguard the Australian insurance market from the financial impact of rare but severe terrorism events.”
At least 15 people were killed, in addition to one of the two gunmen who were involved in the attack during a Hanukkah event on Bondi Beach, New South Wales, on 14 December 2025.
In a related event, the Insurance Council of Australia (ICA) declared the shootings as a significant event, which will see the body prioritise insurer support for those making claims, enabling claims data to be collected and tracked. The impacted businesses are encouraged to get in touch with their insurer or broker to understand what they may be able to claim for.
ICA CEO Andrew Hall said, "Our thoughts first and foremost are with Australia’s Jewish community in this time of great mourning for the victims of Sunday’s horrendous attack. The industry is committed to supporting those Bondi businesses impacted through the recovery ahead."