Australian Capital Territory Numbered Regulations

CIVIL LAW (SALE OF RESIDENTIAL PROPERTY) REGULATIONS 2004 (NO 25 OF 2004) - REG 11

    (1)     A report mentioned in the Act, section 9 (1) (g) (iii) or (vi) must have been prepared by someone who has professional indemnity insurance that relates to the subject matter of the report.

    (2)     The professional indemnity insurance must provide a minimum limit of indemnity of—

        (a)     $500 000; or

        (b)     if another amount is determined, in writing, by the Minister—that amount.

    (3)     A determination is a disallowable instrument.

Note     A disallowable instrument must be notified, and presented to the Legislative Assembly, under the Legislation Act.