Disaster Risk Reduction Policy Implementation Investing in a Safer Future - A Disaster Risk Reduction policy for the Australian aid program' was launched in June 2009. An implementation plan for the first 12 months of the policy has now been developed, focusing on key deliverables, integration of disaster risk reduction principles into AusAID's development and humanitarian programs, commissioning a scoping paper on risk transfer and insurance, support to regional meetings on disaster risk reduction and expansion of key disaster risk reduction bilateral programs. Funding under this initiative supports the implementation of the plan. The total value of this initiative is $0.5 million to be expensed during the 2009-10 financial year.