Conveyancers Licensing Act 1995 Conveyancers Licensing Amendment (Insurance Exemption) Regulation 1999 duplicate (1999-254) [GG No 68 of 11.6.1999, p 3894] (NSW)

1999 No 254

New South Wales

Conveyancers

under the

Conveyancers Licensing Act 1995

His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Conveyancers Licensing Act 1997.

JOHN WATKINS, M.P.,
Minister for Fair Trading

The object of this Regulation is to exempt licensedm conveyancers who do not carry out conveyancing work otherwise than as the employees of certain solicitors from the requirement that they hold professional indemnity insurance. For the exemption to apply, the solicitors concerned must hold appropriate insurance (and a practising certificate).

This Regulation is made under the Conveyancers Licensing Act 1995 and, in particular, under sections 7 (Qualifications for a licence) and 91 (the general regulation-making power).

Published in Gazette No 68 of 11 June 1999, page 3894 Page 1

Clause 1 Conveyancers Licensing Amendment (Insurance Exemption) Regulation
1999

This Regulation is the Conveyancers Licensing Amendment

(Insurance Exemption) Regulation 1999.

mendment of Conveyancers Licensin egulation 1993

The Conveyancers Licensing Regulation 1993 is amended as set out in Schedule 1.

The explanatory note does not for part of this Regulation.

(clause 2)

Part 2 Licensing

Insert after the heading to Part 2:

ivision 1	Exemptions
4 Exemption for requirement for professional in

insurance

A person is exempt from the requirement for professional indemnity insurance (as referred to in section 7 (1) (e) of the Act) if the person carries out conveyancing work only in the capacity of an employee pf a solicitor:

(a)	who is the holder of a practicising cerrtificate under the Legal Profession Act 1987, and
(b)	in respect of whom there is in force an approved

insurance policy under section 41 of that Act.