CONTAMINATED SITES REGULATIONS 2006 - REG 59A

CONTAMINATED SITES REGULATIONS 2006 - REG 59A

59A .         Auditor must have insurance

                An auditor must not carry out a function as an auditor unless the auditor is covered by insurance —

            (a)         for the auditor’s civil liability for anything done or omitted in relation to carrying out the function; and

            (b)         against which a claim is able to be made —

                  (i)         while the person is an auditor; and

                  (ii)         for at least 7 years after the person ceases to be an auditor;

                and

            (c)         that provides cover of not less than $5 000 000 for a claim.

        Penalty: a fine of $1 000.

        [Regulation 59A inserted: SL 2022/99 r. 24.]