Australian Capital Territory Current Acts

UNIT TITLES (MANAGEMENT) ACT 2011 - SECT 57

    (1)     A manager must take out and maintain public liability insurance in relation to all of the following events happening because of any act or omission in the management of the owners corporation by the manager:

        (a)     death, bodily injury or illness to anyone;

        (b)     loss of, or damage to, the property of anyone.

    (2)     Public liability insurance under this section must be for a total amount of liability of at least the amount prescribed by regulation.

    (3)     A manager engaged to manage 2 or more owners corporations may take out and maintain a single insurance policy for this section only if—

        (a)     the manager's insurer has been told that the manager manages 2 or more owners corporations; and

        (b)     the insurance policy covers the risk in relation to each owners corporation managed by the manager.