17Eligibility to be building surveyor

17 Eligibility to be building surveyor (1) An applicant for a licence as a building surveyor is eligible for the licence only if the applicant satisfies the registrar that— (a) the applicant has successfully undertaken asbestos management training that has been approved by the registrar under subsection (2); and (b) the applicant is adequately insured. (2) The registrar may approve asbestos management training for subsection (1) (a) if the registrar considers that successful undertaking of the training will give an applicant for a licence as a building surveyor adequate knowledge of the requirements to deal appropriately with asbestos. (3) Subsection (1) (b) does not apply to an application for a licence as principal government building surveyor or government building surveyor. (4) An applicant is adequately insured if the applicant has professional building surveyor; and (b) a minimum limit of indemnity of $1 000 000 for a single claim; and (c) a minimum limit of indemnity of $1 000 000 for the total of all claims made against the applicant during the period of cover; and (d) in addition to the indemnities mentioned in paragraphs (b) and (c), a minimum limit of indemnity for the costs and expenses of defending or settling a claim of 20% of the limit of indemnity for the claim. (5) For subsection (4), an applicant is taken to have professional indemnity insurance if the applicant is an applicant for a principal building surveyor employee licence, or general building surveyor employee licence, and the applicant’s employer has the insurance. (6) In subsection (4) (d): costs and expenses means costs and expenses incurred with the insurer’s consent. (7) An approval under subsection (2) is a notifiable instrument.