Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) The following class of contracts of insurance is declared to be a class of contracts in relation to which Division 1 of Part V of the Act applies, namely, contracts that provide insurance cover (whether or not the cover is limited or restricted in any way) in respect of loss of or damage to the contents of a residential building where the insured or one of the insureds is a natural person.
(2) However, the class of contracts does not include contracts that provide insurance cover only or primarily in respect of specified personal effects.