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Limitation of Liability Scheme Application for Exemption CONTACT US ONLINE: lawsocietywa.ASN.AU Inquiries: (08× 9324 8652 Faxes: (08× 9324 8699 EMAIL: Los lawsocietywa.ASN.AU MAIL: The Law Society

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What is limitation of liability scheme?

Limitation of liability scheme is a legal framework that limits the amount of liability that a party may face in the event of a claim or lawsuit.

Who is required to file limitation of liability scheme?

Certain businesses or individuals involved in high-risk activities such as shipping or transportation are required to file limitation of liability schemes.

How to fill out limitation of liability scheme?

Limitation of liability schemes can be filled out by providing necessary information such as the nature of the activity, type of risks involved, and potential liabilities that may arise.

What is the purpose of limitation of liability scheme?

The purpose of limitation of liability scheme is to protect parties from excessive financial liability in case of unforeseen events or accidents.

What information must be reported on limitation of liability scheme?

Information such as the name of the party, nature of the activity, potential risks, and the proposed limit of liability must be reported on limitation of liability scheme.

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