Queensland Consolidated Regulations

QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION (MINIMUM FINANCIAL REQUIREMENTS) REGULATION 2018 - REG 17L

17L Commission may waive professional indemnity insurance requirements

(1) This section applies if a licensee reasonably believes—

(a) professional indemnity insurance under section 17K is not available to the licensee; or

(b) it is not financially viable for the licensee to obtain professional indemnity insurance that meets the requirements of section 17K , having regard to the cost of the insurance and the amount of the licensee’s maximum revenue.

(2) The licensee must give the commission notice, in the approved form, stating—

(a) the licensee reasonably believes a matter mentioned in subsection (1) (a) or (b) applies to the licensee; and

(b) the reasons for the licensee’s belief.

(3) If the commission is satisfied a matter mentioned in subsection (1) (a) or (b) applies for the licensee, the commission may, by written notice given to the licensee, waive the requirements mentioned in sections 17J and 17K for the licensee.