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Annual Report 2011/2012 Professional Standards Councils



Annual Report 2011/2012 Professional Standards Councils

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Tabled paper 112


Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT






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Tabled papers

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Professional Standards Council

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57Professional Standards Councils Annual Report 201112 The Professional Standards Council of Western Australia (WA) approves schemes under the Professional Standards Act 1997 (WA). 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. In 2011-12, there were nine schemes in operation in WA, covering nine occupational associations and five occupational groups. Accountants CPA Australia (WA) Institute of Chartered Accountants in Australia (WA) barristers The NSW Bar Association operates under mutual recognition The South Australian Bar Association operates under mutual recognition The Victorian Bar Incorporate operates under mutual recognition Engineers Engineers Australia (WA) Information technology professionals Australian Computer Society operates under mutual recognition Solicitors The Law Society of South Australia operates under mutual recognition valuers Australian Property Institute Valuers Limited operates under mutual recognition There were no new proposed schemes for WA in the application stage during 2011-12. The extension of the ICAA scheme was approved by the Councils and WA Attorney under ss44A(2) and (3) of the Western Australia Act. WESTERN AUSTRALIA SUmmARy DATA Table 15: Cover of Excellence schemes in WA Association Scheme applies to: Number of members participating in scheme in WA Limit of liability Start date for scheme End date for scheme Accountants CPA Australia (WA) all members of CPA Australia ordinarily resident in WA who hold a current public practice certificate and who are not exempt 776 $0.5 million minimum to $75 million 1 April 2008 31 March 2013 Institute of Chartered Accountants in Australia (WA) all members of ICAA ordinarily resident in WA who hold a current certificate of public practice and who are not exempt 2,333 $75 million cap 8 October 2007 7 October 2013 Engineers Engineers Australia (WA) members of Engineers Australia who are also members of the Engineering Science and Technology Professional Standards Society 1 $1.5 million to $20 million 1 January 2009 31 December 2013 c o m p lia n c e r e p o r t in g