(1)  The owner of a road vehicle must not use the vehicle, or permit it to be used, to transport a placard load unless –

(a) the use of the vehicle is covered by a policy of insurance or other form of indemnity, for a sum that is not less than $5 000 000, in respect of –

(i) personal injury, death, property damage and other damage (except consequential economic loss) arising out of any fire, explosion, leakage or spillage of dangerous goods in, on or from the vehicle or any packaging transported in or on the vehicle; and

(ii) costs incurred by or on behalf of a Commonwealth or State government authority in a clean-up resulting from such a fire, explosion, leakage or spillage; or

(b) the owner has an approval under regulation 247 in relation to the use of the vehicle and is complying with all relevant conditions to which the approval is subject.

Penalty:  In the case of –

(a) a body corporate, a fine not exceeding 250 penalty units; or

(b) an individual, a fine not exceeding 50 penalty units.

(2)  Each load-bearing vehicle, whether or not a motor vehicle and whether or not it is being used in combination with another vehicle, is a vehicle for the purposes of subregulation (1) .