147Meaning of adequate insurance

147 Meaning of adequate insurance adequate insurance, for the transport of dangerous goods in or on a road vehicle, means a policy of insurance or other form of indemnity, for a sum that is not less than $5 000 000, in relation to: (a) personal injury, death, property damage and other damage (except consequential economic loss) arising out of any fire, explosion, leakage or spillage of dangerous goods in, on or from the vehicle or any packaging transported in or on the vehicle; and (b) costs incurred by or on behalf of a Commonwealth, State or Territory government authority in a clean-up resulting from such a fire, explosion, leakage or spillage.