There is a forty-two percent probability that Australia will experience a major animal disease outbreak in the next five years.
That includes a one in five chance of an African swine fever outbreak and an almost one in 10 chance of both African horse sickness and foot and mouth disease.
It said there was an 8 percent probability of a lumpy skin disease outbreak.
A major animal disease outbreak would devastate Australia's $17 billion livestock sector.
Industry and government group SafeMeat recommended a new national regulator be established and funded to oversee traceability, which is currently the responsibility of states.
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