81
CurrentInsurance claims arising from suspension of contractor’s licence
Schedule 4Savings and transitional provisions
Part 15Provisions consequent on Home Building Amendment (Insurance) Act 2009
81 Insurance claims arising from suspension of contractor’s licence
(1)
Section 99(3)–(6) (as inserted by the amending Act) apply only to a contract of insurance entered into on or after the commencement of those provisions.
(2)
An insurance contract that is entered into on or after the commencement of those provisions using any existing stock of insurance contract forms is deemed to include the provision required to be included by section 99(3) (as inserted by the amending Act).
(3)
A reference in clause 73A of the Home Building Regulation 2004 to section 93(3) of the Act is taken for all purposes to have been a reference to section 99(3) of the Act on and from the commencement of that clause.
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