Building owner to arrange insurance cover
91 Building owner to arrange insurance cover
A relevant person who is required to carry out protection works under this Part must, before commencing the works, enter into a contract of insurance, in accordance with this section, with an approved insurer (and renew and maintain that contract in accordance with this section) against damage by the proposed protection works to the adjoining property and against any liabilities likely to be incurred to owners and occupiers of adjoining property and members of the public.
Maximum penalty: 85 penalty units.
The contract of insurance must be to an amount agreed to by the parties or, where the parties cannot agree, determined by the
Director.
The contract of insurance must be given to the owner of the adjoining property before the commencement of the works and must be renewed or extended as often as is necessary during the carrying out of the works and for 12 months after the works are finished.
This Act’s bill:Second reading speech
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