Passenger Transport (General) Regulation 2017
22 Vehicle insurance
(1) An accredited operator (unless otherwise notified in writing by RMS) must ensure that there is maintained one or more policies of insurance providing cover of at least $5,000,000 for each public passenger vehicle used to provide the relevant service against liability in respect of damage to property caused by or arising out of the use of the vehicle.(2) The policies must be issued by a corporation authorised under the Insurance Act 1973 of the Commonwealth to carry on insurance business.(3) (Repealed)(4) An accredited operator must provide an authorised officer, on request, with evidence that the operator’s policies of insurance are current.Maximum penalty—10 penalty units.