Queensland Consolidated Acts Queensland Consolidated Acts(1) A scheme only affects the liability for damages arising from a single cause of action to the extent the liability results in damages over an amount, of at least $500000, decided for the purposes of the scheme by the council and stated in the scheme.
(2) In making a decision mentioned in subsection (1), the council must have regard to--
(a) the number and amounts of claims made against persons in the occupational association concerned; and
(b) the need to adequately protect consumers.
(3) The decision--
(a) takes effect when the scheme, or an amendment providing for its specification in the scheme, takes effect; and
(b) applies only to a cause of action that arises after the decision takes effect.