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Read our list of useful frequently asked questions to find out more about the Scheme.

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Find out how to apply to participate in the Scheme and how to renew your Scheme participation annually.

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Read this overview, as well as the FAQs, for guidance on how to fulfill your compliance requirements.

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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.

The Scheme promotes self-regulation by enabling LIV members in private practice and incorporated legal practices to limit their occupational liability for damages against certain types of claims to nominated monetary ceilings provided they meet the Scheme’s requirements and are proactively managing law practice risk and exposure to claims and complaints.

The Scheme is not an insurance product and does not affect the 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 civil liability in the event of a relevant claim – see clauses 3.2 and 3.3 of the Scheme and section 23 of the Professional Standards Act 2003.

Useful Links

Scheme Documents

Contact

T: 9607 9470
E: scheme@liv.asn.au

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