Gov Gaz Week 6 colour.indd - Government Gazette - NSW ...

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9354 LEGISLATION 23 November 2001 Clause 1 Home Building Amendment (Insurance) Regulation 2001 Home Building Amendment (Insurance) Regulation 2001 1 Name of Regulation This Regulation is the Home Building Amendment (Insurance) Regulation 2001. 2 Commencement Page 2 This Regulation commences on 30 November 2001. 3 Amendment of Home Building Regulation 1997 The Home Building Regulation 1997 is amended as set out in Schedule 1. NEW SOUTH WALES GOVERNMENT GAZETTE No. 180
23 November 2001 LEGISLATION 9355 Home Building Amendment (Insurance) Regulation 2001 Amendments Schedule 1 Schedule 1 Amendments [1] Clause 57AA Insert after clause 57A: 57AA General requirements for insurance [2] Clause 66 NEW SOUTH WALES GOVERNMENT GAZETTE No. 180 (Clause 3) (1) This clause applies to work on the common property of an existing single residential flat building where the value of the work is more than $5,000. (2) For the purposes of section 102 (3) of the Act: (a) if the amount obtained by dividing the value of the work by the number of dwellings in the building does not exceed $5,000—the contract of insurance must provide for cover of no less than a total of $200,000, or (b) if the amount obtained by dividing the value of the work by the number of dwellings in the building exceeds $5,000—the contract of insurance must provide cover of no less than $200,000 in relation to each dwelling in the building. (3) In this clause: dwelling includes any garage or storage area that is included in the same title as a dwelling. residential flat building means any building containing 2 or more strata or company title home units (including any associated structures and improvements). Omit the clause. Insert instead: 66 Exemption from certificate requirement where work not commenced (1) A developer is exempt from the requirements of section 96A of the Act if: Page 3
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