Land Titles Regulation 2015

This regulation is the Land Titles Regulation 2015.

The Minister administering the Dangerous Substances Act 2004, section 47P (Affected residential premises register) is prescribed.

An arrangement to insure a building must include an arrangement to insure and keep insured the building, to the greatest practicable extent—

for the replacement value of the building from time to time against all of the following risks:

fire, tempest, earthquake and explosion;

riot, civil commotion, strikes and labour disturbances;

malicious damage;

bursting, leaking and overflowing boilers, water tanks, water pipes and associated apparatus;

impact of aircraft (including parts of, and objects falling from, aircraft), road vehicles, horses and cattle; and

for costs incidental to the reinstatement or replacement of the insured building, including the cost of removing debris and the fees of architects and other professional advisors.

An arrangement to insure a building must set out a method for allocating the costs of the insurance premiums between the parties to the building management statement including the basis of that method as user pays, lease value or otherwise.

The following details are prescribed:

the kind of document;

the entity that issued the document;

if the document has a date of issue—the date of issue;

if the document has an expiry date—the expiry date;

any unique identifying number for the document;

any individual reference number for the purchaser;

if the document is a name change certificate or marriage certificate—any former name of the purchaser.

In this section:

marriage certificate means a marriage certificate issued under a territory law, or a law of a State or foreign country.

name change certificate, in relation to a purchaser, means a document, issued under a territory law, or a law of a State or foreign country, certifying that the purchaser has changed their name.

Note State includes the Northern Territory (see Legislation Act, dict, pt 1).