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Applying, Renewing & Maintaining
Professional Indemnity Insurance
Estimated Annual Turnover

The following table is designed to guide you to the information relevant to you and complying with BSA's Financial Requirements for Licensing Policy . Click on the link relevant to your circumstances.

                                                         Are you self certifying? 

 YES

 NO
 There is no requirement to submit a financial report        Financial information will be required  
Are you: Are you:
 Applying for a licence Applying for a licence
 Renewing a licence  Renewing a licence
 Maintaining your licence (increase turnover etc)

   Maintaining your licence 
Where you are increasing your turnover to $300,000
and above you will need to provide a financial report
-
as per s 6.2 of the Financial Requirements for Licensing 
(the table on p66 provides the prescribed form for turnover)
  

 
















Important - Do you hold / are you applying for one of the following licence classes? 
 
  • Builder Project Management Services
  • Building Design Low Rise
  • Building Design Medium Rise
  • Building Design Open
  • Hydraulic Services Design
  • Hydraulic Services Design (excluding design of on-site domestic waste water management) 
  • Site Classifier
  • Site Classifier (excluding on-site domestic waste management)

    Applicants or licensees holding the following licence classes, and who comply with the prescribed conditions, do not have to provide financial information and can instead provide evidence of holding
    Professional Indemnity Insurance and an Estimated Annual Turnover.

    Note: You are not able to utilise this provision if you hold, or are applying for, a contractor licence other than those mentioned above e.g. you hold a Carpentry contractor licence and Site Classifier licence. In this instance you must comply with the full FRL policy (see table above).

    What if I have been granted a PI Exemption?
    If a PI Exemption is applied for, and granted, this provision also does not apply and you will be required to comply with the full Financial Requirements for Licensing policy (see table above).