46Indemnity insurance

46 Indemnity insurance

(1)  In this section –

person undertaking training, in relation to a registered training organisation, means a person undertaking the training required for a qualification with the registered training organisation.

(2)  If a registered training organisation under a vocational placement agreement arranges for a person undertaking training to undertake an unpaid vocational placement with an employer, the registered training organisation must obtain indemnity insurance to cover–

(a) the registered training organisation against–

(i) proceedings for damages for injury to the person undertaking training or loss of, or damage to, that person's property arising out of the unpaid employment under the vocational placement; and

(ii) loss or damage to the employer's property caused by the person undertaking training during unpaid employment under the vocational placement; and

(b) the person undertaking training against proceedings for damages for injury to a person, or loss or damage to property, arising out of the unpaid employment under the vocational placement.

(3)  The maximum amount payable in respect of a single claim or action is $10 000 000.