The Act specifies that the minimum amount of insurance is at least equal to the lesser of:
an amount specified in the rules
an amount determined using a method specified in the rules
Insurance requirements based on maximum probable loss calculations provide financial protection against the consequences of events deemed sufficiently probable under the methodology.
The Australian Space Agency can provide an estimator tool to estimate maximum probable loss, using the inputs of the Maximum Probable Loss Methodology. The tool is not intended to be a comprehensive calculator or maximum probable loss and is not a substitute for independent specialist advice.