Professions Australia - A national organisation of professional associations

<body bgcolor="#FFFFFF" text="#000000"> <br><a href = "thecouncil.html">About Professions Australia</a><br> <a href = "branches.html">Branches & NSWCOP</a><br> <a href = "policymaterial.html">Policy Material</a><br> <a href = "knowledgenetwork.html">Knowledge Network</a><br> <a href = "alertsandnews.html">Alerts and Newsletters</a><br> <a href = "membership.html">Membership Information</a><br> <a href = "office.html">Office & Contacts</a><br> <a href = "sitesearch.html">Search</a><br> <a href = "Memberlogin.html">Member Login</a><br> <a href = "memberlogout.html">Logout</a><br> <a href = "Homepage.html">Home</a><br> <a href = "Constitution.html">Constitution</a><br> <a href = "YoungProf.html">Young Professionals</a><br> <a href = "ethicsresource.html">Ethics Resource Centre</a><br> <a href = "history.html">History</a><br> <a href = "visionrole.html">Vision and Role</a><br> <a href = "Board.html">Board</a><br> <a href = "committees.html">Committees</a><br> <a href = "mediaspeeches.html">Media, Speeches</a><br> <a href = "award.html">Professional of the Year Award</a><br> <a href = "archives.html">Archives</a><br> <a href = "NSWCOP.html">NSWCOP</a><br> <a href = "victoria.html">Victoria</a><br> <a href = "Queensland.html">Queensland</a><br> <a href = "wa.html">Western Australia</a><br> <a href = "sa.html">South Australia</a><br> <a href = "tasmania.html">Tasmania</a><br> <a href = "act.html">ACT</a><br> <a href = "competitionpolicy.html">Competition Policy</a><br> <a href = "insurance.html">Insurance</a><br> <a href = "highereducation.html">Higher Education</a><br> <a href = "other.html">Other</a><br> <a href = "knetsample.html">Knowledge Base Sample</a><br> <a href = "kbase.html">Knowledge Base</a><br> <a href = "kpeople.html">Knowledge People</a><br> <a href = "ktalk.html">Knowledge Talk</a><br> <a href = "submitkbase.html">Submit to Knowledge Base</a><br> <a href = "submitkpeople.html">Submit to Knowledge People</a><br> <a href = "alertssample.html">Alerts and News Sample</a><br> <a href = "alerts.html">Alerts</a><br> <a href = "newsletters.html">Newsletters</a><br> <a href = "subscription.html">Alerts and News Subscription</a><br> <a href = "criteria.html">Criteria</a><br> <a href = "Rates.html">Membership Rates</a><br> <a href = "member.html">Member Associations</a><br> <a href = "KBManual.html">Knowledge Base Manual</a><br> <a href = "defineprofession.html">Definition of a Profession</a><br> <a href = "KBWP.html">Knowledge Base White Papers</a><br> <a href = "ValueStatement.html">Value Statement</a><br> <a href = "Apply.html">Apply to join</a><br> <a href = "Constitutioncontinue.html">Constitution continued</a><br> <a href = "ParticReportsNov2003.html">Participant reports Roundtable Nov 2003</a><br> <a href = "latestnewsletter.html">Latest Newsletter</a><br> <a href = "bankruptcy.html">Bankruptcy legislation</a><br> <a href = "whatsnew.html">What's New</a><br> <a href = "ethicsplan.html">Ethics Action Plan</a><br> <a href = "definitionprofession.html">Definition of a Profession</a><br> <a href = "ethicscodes.html">Codes of Ethics</a><br> <a href = "ethicseducation.html">Ethics Education</a><br> <a href = "ethicsforum.html">Ethics Forum</a><br> <a href = "relatedsites.html">Related Sites</a><br> <a href = "ethicsreading.html">Reading</a><br> <a href = "ethicscasestudies.html">Ethics Case Studies</a><br> <a href = "ethicsresearch.html">Ethics Research</a><br> <a href = "CPSS.html">Competition Policy Submission (1998)</a><br> <a href = "SERC.html">Submission to Economics References Committee (May 2002)</a><br> <a href = "SSWSTTTR.html">Structured Settlements - Why support them through tax reform (May 2001)</a><br> <a href = "STTRLN.html">Submission to the Review of the Law of Negligence (August 2002)</a><br> <a href = "MRPWBI.html">Media Release: Professions want broader indemnity agenda (June 2002)</a><br> <a href = "PORM.html">Policy on Risk Management (November 1997)</a><br> <a href = "PR2001.html">AGM 2001 Presidents Address</a><br> <a href = "AFGFA.html">Professional Liability - A fair go for all - 1998</a><br> <a href = "TPPIAC.html">The Professions, Public Interest and Competition Policy (2000)</a><br> <a href = "APSUT.html">Australia's Professional Services under threat 1997</a><br> <a href = "NCPP.html">National Competition policy & the professions 1997</a><br> <a href = "DWRME.html">Dealing with risk. Managing expectations 1996</a><br> <a href = "GM2002.html">GM 2002 Presidents Speech</a><br> <a href = "AGM2002.html">AGM 2002 Presidents Address</a><br> <a href = "MediaRelease25Nov.html">Ipp Media Release</a><br> <a href = "MediaReleaseNov02.html">Professional Indemnity Insurance Crisis - media Release</a><br> <a href = "AGM1999.html">AGM President Address 1999</a><br> <a href = "SCAGMINCO.html">Submission to SCAG-MINCO 9 Dec 2002</a><br> <a href = "JCCV.html">John Castles CV</a><br> <a href = "BGCV.html">Barry Grear CV</a><br> <a href = "DTCV.html">David Thomson CV</a><br> <a href = "VICletter.html">Victorian market failure in Professional Indemnity insurance</a><br> <a href = "CVSTP.html">Coonan's view a shock to professionals</a><br> <a href = "PBULC.html">Peak body urges liability cap</a><br> <a href = "LDRA.html">Liability decision rouses anger</a><br> <a href = "PLNHG.html">Proportionate liability is not Holy Grail</a><br> <a href = "GPAS.html">Government position appears to be shifting</a><br> <a href = "pumta.html">Professions urge ministers to act now</a><br> <a href = "tpauc.html">TPA 'undermines capping'</a><br> <a href = "mtstmt.html">Market 'too small and too much trouble'</a><br> <a href = "pimfnps.html">PI market failure needs a package solution</a><br> <a href = "cfncoll.html">Call for national cap on lawyers' liability</a><br> <a href = "POPSR.html">Policy on Professional Self-Regulation (1990)</a><br> <a href = "RDEWL.html">Role and Duties of an Expert Witness in Litigation (1998)</a><br> <a href = "107.html">Alert No 107 (29 May 03)</a><br> <a href = "1071.html">Alert No 107 Attach 0ne</a><br> <a href = "1072.html">Alert No 107 Attach Two</a><br> <a href = "1073.html">Alert No 107 Attach three- Implementation paper</a><br> <a href = "1074.html">Alert No 107 Attach Four</a><br> <a href = "Treasurer.html">Paul Meiklejohn</a><br> <a href = "Boardmemberone.html">Monica Persson</a><br> <a href = "nswcopcontacts.html">Contacts</a><br> <a href = "nswcopobjectives.html">Objectives</a><br> <a href = "nswcoppsl.html">Professional Standards Legislation</a><br> <a href = "nswcopevents.html">Events</a><br> <a href = "nswcopnletters.html">NSWCOP Newsletters</a><br> <a href = "SeptHigherEd.html">Nelson reforms miss the main point, say professions</a><br> <a href = "PSCJune03Seminar.html">NSW PSC June Seminar</a><br> <a href = "VicCPAJuly03Seminar.html">Vic CPA professional indemnity seminar, 28 July 2003</a><br> <a href = "BrisbaneHandPI.html">John Hand Brisbane PI Paper, 30 July 2003</a><br> <a href = "ICAABrisbanePaper.html">Brisbane ICAA PI paper</a><br> <a href = "PolCampaignsArticle.html">Professions Australia learns lessons on political campaigns</a><br> <a href = "AnaGovan.html">Ana Govan (information technology)</a><br> <a href = "BrigetteHall.html">Brigette Hall (minerals)</a><br> <a href = "NikkiBrennan.html">Nikki Brennan (architecture)</a><br> <a href = "NinaQuinn.html">Nina Quinn (audiology)</a><br> <a href = "LukeFraser.html">Luke Fraser (construction)</a><br> <a href = "PhilippaThomson.html">Philippa Thomson (dentistry)</a><br> <a href = "KateWest.html">Kate West (engineering)</a><br> <a href = "profcomppublic.html">Professionalism, competition policy and the public interest: Issues paper (2003)</a><br> <a href = "SenateTPAbriefing.html">Senate TPA inquiry briefing notes March 2004</a><br> <a href = "ICActReview.html">Insurance Contracts Act review key documents</a><br> <a href = "ACCCinsurancereviews.html">ACCC insurance market pricing reviews</a><br> <a href = "SenatorCoonanwebsite.html">Senator Coonan website</a><br> <a href = "InsuranceCouncil.html">Insurance Council website</a><br> <a href = "CoonanJuly2003letter.html">Letter to Coonan on timing July 2003</a><br> <a href = "MinletterMar2004.html">Letter to Ministers on timing March 2004</a><br> <a href = "MinContOutMar2004ltr.html">Letter to Ministers against contracting out (March 2004)</a><br> <a href = "12March2004update.html">Update 12 March 2004</a><br> <a href = "TPAPSLinquiry.html">Senate Committee inquiry into Trade Practices Act amendments</a><br> <a href = "AGM2003Pres.html">AGM 2003 Presidents Address</a><br> <a href = "OMNov2003Pres.html">Ordinary Meeting November 2003 Presidents Address</a><br> <a href = "HobartMediaFeb2004.html">Comments on Hobart Insurance Ministers meeting Feb 2004</a><br> <a href = "Feb2004PISurveys.html">February 2004 professional indemnity surveys</a><br> <a href = "HigherEdltrs25Sep03.html">Higher Education letters 25 Sep 2003</a><br> <a href = "HigherEdmed8Oct2003.html">Higher Ed media 8 October 2003</a><br> <a href = "HigherEdltr6Nov03.html">Higher Ed letter 6 Nov 2003</a><br> <a href = "HigherEdltrs26Nov03.html">Higher Ed letters 26 Nov 2003</a><br> <a href = "HigherEdltr30Sep03.html">Higher Ed letter 30 September 03</a><br> <a href = "HigherEdAFR13Oct03.html">Higher Education AFR Op Ed piece 13 October 03</a><br> <a href = "pasub.html">National Competition Policy Review - PA Submission (2004)</a><br> <a href = "profoftheyear.html">Announcement of 2004 Professional of the Year</a><br> <a href = "membercodes.html">Examples of Member Codes</a><br> <a href = "codeprinciples.html">Code Principles</a><br> <br><B>Policy on Risk Management</B> <BLOCKQUOTE ALIGN="CENTER">The Australian Council of Professions recognises that the professions have a responsibility to provide services to the community which encompass the highest standards of quality and competence. This responsibility includes the need for professional associations and statutory licensing authorities to maintain standards of entry to ensure that only fully-qualified professionals are able to practise in areas where professional skills are required. </BLOCKQUOTE> <BLOCKQUOTE>The community has a right to expect competence and attention to the management of risks where they might occur in the provision of professional services. </BLOCKQUOTE> <BLOCKQUOTE>However, it is necessary for the community: </BLOCKQUOTE> <OL type=a> <OL type=a> <BLOCKQUOTE> <LI>to improve its understanding of the nature of risk; </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>to manage expectations; and </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>to have available a system for reasonable compensation for any loss due to action or omission by professionals. </LI></BLOCKQUOTE></OL></OL> <BLOCKQUOTE>To achieve this, the Australian Council of Professions recommends that professionals should: </BLOCKQUOTE> <OL> <OL> <BLOCKQUOTE> <LI>at all times exercise their knowledge and skills in the interest of others, be they client, patient, the community or its institutions; </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>practice only in their areas of competence, save in exceptional circumstances for an emergency; </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>continue their professional development throughout their careers and actively encourage and promote the extension of knowledge to all members of the profession especially those under their direction; </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>exercise judgment based on experience, technology and understanding of the needs of their clients; </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>identify likely risks inherent in their practice, take action to minimise them and, where possible, make provision for unsatisfactory outcomes; </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>apprise the client of any risks likely to prove significant, either to the client or the community and of their consequences; and </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>contribute, where appropriate, to the processes whereby: </LI></BLOCKQUOTE> <OL type=a> <BLOCKQUOTE> <LI>risk can be managed; </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>the understanding within the community of the nature of risk (including the managing of expectations) can be improved; and </LI></BLOCKQUOTE> <BLOCKQUOTE> <LI>a system for reasonable compensation for loss due to action or omission by professionals can be established. </LI></BLOCKQUOTE></OL></OL></OL><B><I> <BLOCKQUOTE ALIGN="CENTER">[Adopted, General Meeting, 17 November 1997]</B></I> </BLOCKQUOTE> <P align=center> <CENTER> <TABLE cellSpacing=0 cellPadding=5 width=156 border=0> <TR> <TD vAlign=center> <P> </P></TD></TR></TABLE></CENTER> <P align=center></P> <P> </P> </body>