s 54
In forceBody corporate policy must provide for public liability
Chapter 2Basic operation of a scheme
Part 2.3Key elements of a scheme
Division 3Scheme land
Subdivision 6Insurance of scheme land
54 Body corporate policy must provide for public liability
The body corporate policy must insure against the liability of the body corporate for a claim:
(a) relating to an individual's illness, injury or death, or the loss of or damage to property, suffered on the common property; and
(b) of an amount not less than $10 000 000, or another amount prescribed by regulation.
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