Document ID: chunk:federal_register_of_legislation:F2024C00936:reg:16:p4
Version: federal_register_of_legislation:F2024C00936
Segment Type: reg
Provision Reference: reg 16 (pt 4/13)
Character Range: 186574–189366

liability arising out of the dishonesty of the team members; and
 (b) subject to subregulation (4), cover costs and expenses incurred by the audit team leader and the team members when defending and settling claims of at least the amount mentioned in paragraph (2)(a), including legal costs and expenses of investigation; and
 (c) not be cancellable by the insurer solely because of an innocent non‑disclosure or misrepresentation by:
 (i) the audit team leader, his or her employees or an audit team member; or
 (ii) if the audit team leader is a partner of an audit firm, member of an audit company or an employee—any other partner, member, employee or audit team member.
 (4) Paragraph (3)(b) does not apply in relation to an audit team member if the member is covered by a policy of insurance on substantially the same terms.
 (5) Subject to subregulation (3), the insurance policy must also be on ordinary commercial terms offered by insurers for insurance of that type at the time the insurance contract is entered into.
 (6) In particular, the exclusions and conditions must be standard or usual for insurance of that type and any excess applicable to the cover must not be of an unreasonable amount.

Subdivision 6.6.7—Conditions

6.61  Conditions
 (1) A registered greenhouse and energy auditor must comply with any conditions imposed on the auditor's registration by the Regulator.
 (2) The Regulator may impose the conditions on or after registration.
 (3) The Regulator may impose the conditions only if subregulation (3A) applies or the Regulator thinks that it is necessary to do so to address concerns the Regulator may have about:
 (a) the auditor's ability to conduct Part 6 audits in accordance with the Audit Determination and these Regulations; or
 (b) the conduct of the auditor while carrying out a Part 6 audit.
 (3A) For the purposes of subregulation (3), this subregulation applies if:
 (a) the application for the auditor's registration includes a statement referred to in paragraph 6.23(2)(ga) or (gb); or
 (b) the Regulator is not satisfied that the auditor meets the requirements in paragraph 6.14(1)(b) or (c).
 (4) The Regulator may impose the following kinds of conditions:
 (a) a condition that the auditor must undertake additional training of a particular kind;
 (b) a condition that the auditor must undertake professional development of a particular kind;
 (c) a condition that the auditor may only be an audit team member or an audit team leader in relation to:
 (i) specified types of Part 6 audits; or
 (ii) eligible offsets projects covered by specified methodology determinations; or
 (iii) specified industry sectors;
 (d) a condition that the auditor may not carry out, as a registered greenhouse and energy auditor, specified types of audits under