12-25-2011, 03:36 AM
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CC Member
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Join Date: Jun 2006
Location: Newcastle, Warners Bay,
NSW
Cobra Make, Engine: RMC . 393 Dart alloy block Stroked 351 alloy heads ..all the goodies plus a pre oiler. al
Posts: 1,495
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Not Ranked
Quote:
Originally Posted by Treeve
There is a lot of mis information about what you must have heard. The thing about the insurance requirement is:
1. You have to be very rich to be uninsured
2. The insurance policy arranged by the RMS already covers the run off period - once you stop, there are no further payments to make
3. They can no longer knock back a vehicle without an excuse. If thy did in the past, you should have asked your engineer what they were going to do about it - they should have known it was wrong (and hence misled you in the first place) or they should have challenged it until a satisfactory decision was given. Any decisions about accepted standards are distributed such that the signatories must read them before they can log in.
Finally, there is the issue of fraud. The RMS have prosecuted 2 signatories from the 'old' scheme, where both admitted fraudulently issuing certificates. One issued 20, the other 26. They have put this out in a media release, and to my knowledge, they are following up on further cases.
The new guidelines are not likely to change in a hurry, and they have taken suitable steps to ensure all engineers are kept up to date with determinations on rulings. I see it as a good thing.
I appreciate that past performance has severely damaged people's trust in the RTA / RMS. I'm not employed by them, but as a signatory I am free to ask questions on your behalf and clear up anything which you want to know.
Cheers,
Treeve
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Man.. You have already answered many of my questions.Thanks for the clarification. I'm not afraid to ask 'stupid' questions and get bagged for them....this saves others from embarrassment.ha ha ha. My car was engineered and approved way back in 2002 when the rumours were flying and my engineer was told the 'Facts' by the RTA. The requirement then was the giant insurance and the post retirement follow-up to exempt the RTA from any litigation. My engineer was reasonably close to retirement so he took it. He was an Industrial Mechanical Engineer by day and his hobby was the Auto signatory role.....he loved it and was extremely thorough with his inspections and reports. Thanks again for the clarification.
Rob.
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