76Registered building practitioners may be exempt from insurance requirements

76 Registered building practitioners may be exempt from insurance requirements

76 Registered building practitioners may be exempt from insurance requirements

For the purposes of section 24(4) of the Act, the Secretary may exempt a registered building practitioner from the requirement to be adequately insured in relation to the provision of a building compliance declaration, but only if the Secretary is satisfied by the practitioner that—

(a) the practitioner is unable to obtain an insurance policy that provides indemnity against the liability to which the practitioner may become subject as a result of providing the compliance declaration, and

(b) the practitioner is adequately insured, in accordance with clause 75, in relation to the doing of building work relating to the compliance declaration.