4 News & Issues | 21 Technicals | 3 Articles

News & Issues

Liability capping: questionnaire responses still required

Published 03 Feb 2009
The Institute would like to thank all members who have so far completed the liability capping questionnaire. This is a mandatory obligation for every practice in mainland Australia, so any outstanding responses are still required. More >

Members will be affected in three main ways

Published 01 Jun 2007
When the schemes commence, participating members will only get the benefit of the cap on liability if they can satisfy the court that they hold professional indemnity cover to the level of the relevant cap which applies under the scheme. More >

Limitation of liability timescales

Published 01 Jun 2007
The Institute is currently awaiting the formal approval by the Professional Standards Council of the schemes. More >

Changes to the Institute’s limitation of liability proposal

Published 01 Jun 2007
To secure Professional Standards Council and Commonwealth approval for the scheme, some adjustments have had to be made. This means some changes from the original proposal that was communicated to members earlier this year. More >

Technical

PI Broker Information

Published 16 Feb 2010
PI Broker - Contact detail More >

PI insurance requirements for Certificate of Public Practice holders

Published 11 Nov 2009
Professional Indemnity Insurance More >

Useful websites

Published 22 May 2009
Professional Indemnity Insurance More >

Compliance Audit - Claims Data Spreadsheet

Published 24 Oct 2006
Download Compliance Audit - Claims Data Spreadsheet More >

More Technical >

Articles

Professional Indemnity Insurance

Published 18 Dec 2009
Professional Indemnity Insurance More >

Comparison Guide of Professional Indemnity Insurance Policies for Accountants

Published 07 Jul 2009
The Institute has released comparative analyses of insurance policies currently available in the Australian market for accountants, and is encouraging members to use these as a guide to ensure they are equipped and informed to negotiate appropriate policy terms and premiums with their brokers. More >

Sale and/or purchase of a practice - PI issues to consider

Published 05 Aug 2008
How do I make sure that I'm covered against claims that come to light after the sale of a practice is concluded but in respect of work done by the vendor prior to sale? More >