Document ID: chunk:federal_register_of_legislation:F2024C00974:reg:38
Version: federal_register_of_legislation:F2024C00974
Segment Type: reg
Provision Reference: reg 38
Character Range: 53104–54077

38  Private marine surveyors—professional indemnity insurance
 (1) This section applies to an accredited marine surveyor who is a private marine surveyor.
 (2) The surveyor must:
 (a) if the surveyor is an employee—be covered by a professional indemnity insurance policy that provides insurance cover of at least $1 000 000; and
 (b) in any other case—obtain and maintain a professional indemnity insurance policy that provides insurance cover of at least $1 000 000.
 (3) The surveyor must provide proof of the professional indemnity insurance policy to the National Regulator:
 (a) within 5 days after taking out or renewing the policy; and
 (b) at any time on request by the National Regulator.
 (4) For subsection (3), the surveyor must provide the following proof:
 (a) a copy of the certificate of currency for the policy;
 (b) if the policy is issued outside Australia—a letter from the insurance broker for the policy confirming that the policy has been obtained.