Australian Capital Territory Consolidated Regulations(1) An applicant for a licence as a building assessor is eligible for the licence only if the applicant satisfies the registrar that—
(a) the applicant is adequately insured; and
(b) if the class of licence applied for must be endorsed to authorise the licensee to operate stated software—the applicant can competently operate the software.
Note The registrar may determine software that a class of building assessor's licence must be endorsed to authorise the licensee to operate (see s 31A).
(2) An applicant is adequately insured if the applicant has professional indemnity insurance that provides—
(a) indemnity against claims for breach of professional duty as a building assessor; and
(b) a minimum limit of indemnity of $1 000 000 for a single claim.