The establishment of a flood recovery Reconstruction Inspectorate will help to ensure that spending on flood recovery projects is transparent and subject to rigorous oversight, according to the Australian Industry Group.
Australian Industry Group Chief Executive Heather Ridout said the Reconstruction Inspectorate would help to allay community concerns on how revenue raised from the proposed Federal Government Flood Levy was spent.
"(Former NSW Premier) John Fahey, as chair, will bring independence and wide experience in government to the task, said Ms Ridout.
“The other panel members, including Martin Albrecht and Matt Sheerin, will bring critical private sector experience to the group.”
The Government will provide nearly $6 billion to assist with the rebuild in areas affected by floods and Cyclone Yasi.
Ms Ridout was one of ten business leaders hand-picked by the Federal Government to head up a special business task force to help with the flood recovery.
"We will be looking to the Inspectorate to report regularly and openly on why projects are being selected, how the money is being spent and whether it is being spent well," Ms Ridout said.