The TSRA indemnifies current and former directors and staff members against liability or costs incurred in connection with any claim brought against them as a result of, or in connection with, their appointment to any office or position in the TSRA. The TSRA holds directors' and officers' liability insurance cover through Comcover, the Australian Government's self- managed fund. As part of its annual insurance renewal process, the TSRA reviewed its insurance coverage in 2012 - 2013 to ensure it remained appropriate for operations.
During the year, no indemnity-related claims were made, and the TSRA knows of no circumstances likely to lead to such claims being made.
The cost of directors' and officers' indemnity insurance for 2012 - 2013 was $5,363.