Annual Report 2011/2012 Professional Standards Councils
Tabled paper 112
Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT
Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.
Professional Standards Council
46 Professional Standards Councils Annual Report 2011-12 A u S tR A li A n C A P it A l te R R it o R y | n e w S o u th w A le S | n o R th e R n t e R R it o R y | Q u e e n S lA n d | S o u th A u S tR A li A | t A S m A n iA | V iC to R iA | w e S te R n A u S tR A li A The Professional Standards Council of Queensland (Qld) approves schemes under the Professional Standards Act 2004 (Qld). Associations with schemes under this Act have a statutory obligation to submit an annual compliance report to the Council, covering implementation and monitoring of their risk management strategies, details of claims and insurance data, use of the Cover of Excellence trademark, and disclosure of limited liability. During 2011-12, there were 11 schemes in operation in Queensland, covering 11 occupational associations and seven occupational groups. Accountants CPA Australia (Qld) Institute of Chartered Accountants in Australia (Qld) barristers The NSW Bar Association operates under mutual recognition The South Australian Bar Association operates under mutual recognition The Victorian Bar Incorporated operates under mutual recognition Engineers Engineers Australia (Qld) Information technology professionals Australian Computer Society operates under mutual recognition Solicitors The Law Society of South Australia operates under mutual recognition Queensland Law Society Surveyors The Professional Surveyors Occupational Association operates under mutual recognition valuers Australian Property Institute Valuers Limited operates under mutual recognition There were two proposed new schemes for Queensland in the application stage during 2011-12. Table 11: Cover of Excellence schemes in Queensland Association Scheme applies to: Number of members participating in scheme in Queensland Limit of liability Start date for scheme End date for scheme Accountants CPA Australia (Qld) all members of CPA Australia ordinarily resident in Queensland who hold a current public practice certificate and who are not exempt 1,139 $1 million to $75 million Reasonable charge of services x 10 25 March 2008 24 March 2013 Institute of Chartered Accountants in Australia (Qld) all members of ICAA ordinarily resident in Queensland who hold a current certificate of public practice and who are not exempt 3,740 $1 million to $75 million Reasonable charge of services x 10 1 February 2008 31 January 2013 QUEENSLAND SUmmARy DATA