Professional Standards Bill 1997
|Long Title||The purpose of this Bill is to provide for the limitation of liability of members of occupational associations in certain circumstances and to facilitate improvement in the standards of services provided by those members. The Bill institutes a statutory cap on damages tied to a number of safeguards to protect the interests of clients. These safeguards are -|
a threshold of up to $500 000 up to which all claims will be met in full; limitation of liability will not apply in relation to claims for death or personal injury or in relation to conduct involving a breach of trust, fraud or dishonesty; there must be full disclosure of any limit of liability; schemes may require the inclusion of compulsory professional indemnity insurance; the Bill requires the introduction of risk reduction and risk management strategies; there must be a system to allow for proper redress of consumer complaints.
|Status||Assented to 09/18/1997|
Royal Assent given 18 Sep 1997 as Act No. 22 of 1997. Different sections of this Act come into operation on Royal Assent and Proclamation. For details refer to Commencement Clause of the Bill (see also Assent and Commencement information for Acts)
|Previous Versions of this Bill|