Before we will accept your application for registration as a liquidator, you will need to demonstrate that you have adequate and appropriate professional indemnity insurance and fidelity insurance cover for claims that may be made against you in connection with externally administered bodies corporate.
Refer to Regulatory Guide 194: Insurance requirements for registered liquidators (RG 194) for details of how ASIC will administer the insurance requirements for registered liquidators under s1284 of the Corporations Act 2001.
Please provide the following documents when you submit your application:
- 'Questions regarding professional indemnity (PI) insurance and fidelity insurance cover' (PDF 151KB), completed and signed by you.
- A copy of a certificate of currency for the insurance policy/policies. Please note that we will not accept the lodgement of 'policy wording' documents. If fidelity insurance is provided as part of or as an extension to the PI policy, the certificate of currency will need to clearly show that the fidelity insurance is included.
- If you are a consultant to a practice and are relying on the practice's insurance cover:
- confirmation from the insurer/broker that the insurance policy/policies provide cover for you (this can either just be reflected in the certificate of currency or can be a separate written confirmation), and
- your written undertaking that you will not accept any appointments that would not be covered by the practice's insurance policy unless you have first obtained insurance to cover those appointments.