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Find out how to participate in the Professional Standards Scheme and read our list of useful frequently asked questions.

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Follow this guide to ensure your participation in the Professional Standards Scheme is renewed for 2018/19 so you can rely on the Scheme.

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Read this overview, as well as the FAQs below, to find out how to fulfil your compliance requirements so you can rely on the Scheme.

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About the Professional Standards Scheme

The Scheme is a statutory professional standards and consumer protection scheme, established under the Professional Standards Act 2003 and enforced by the courts.

State-based professional standards legislation arose from the Commonwealth tort law reforms aimed at reducing compensation payments in professional negligence matters. Other professions with schemes include accountants, engineers, surveyors, valuers and IT professionals.

In addition to limiting your civil liability against certain types of claims, participation in the Scheme also:

  • promotes self-regulation of the legal profession
  • evidences your membership of a genuine professional community that is committed to delivering ongoing improvements to professional standards and consumer protection.

The Scheme is not an insurance product and does not affect your requirement to obtain insurance from the Legal Practitioners’ Liability Committee.  However, Scheme participants who have insurance coverage equal to an amount not less than the applicable monetary ceiling may limit their liability in the event of a relevant claim – see clauses 3.2 and 3.3 of the Scheme and section 39 of the Professional Standards Act 2003.

Useful Links

Scheme Instrument

LIV Scheme Forms

Membership Forms

Legislation and Regulations

Contact

T: 9607 9470
E: scheme@liv.asn.au

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