(1) The local
regulations may make provision for or in relation to the approval of a scheme
setting out how a policy of professional indemnity insurance may be obtained
that covers particular PII entities.
(2) Without limiting
subsection (1), the local regulations may make provision for or in relation to
—
(a)
approving a PII scheme; and
(b)
applications for approval of a PII scheme; and
(c)
applications to obtain insurance under a PII scheme, including who may approve
the application; and
(d) fees
that may be charged in relation to a PII scheme, including fees for —
(i)
an application for a PII scheme approval; and
(ii)
approval of a PII scheme; and
(iii)
an application to obtain insurance under a PII scheme;
and
(e)
requiring information to be provided to a person in relation to an application
for a PII scheme approval or an approved PII scheme; and
(f)
issuing certificates relating to the approval of a PII scheme and insurance
under the scheme.
(3) Without limiting
subsection (1), the local regulations may —
(a)
confer discretionary powers on a person —
(i)
to do such acts and things as may be necessary or
expedient for giving effect to the PII scheme; and
(ii)
in relation to the administration of the PII scheme;
and
(b)
confer powers on a person to investigate whether the regulations are being
complied with; and
(c)
contain incidental, procedural and supplementary provisions.