Commonwealth Numbered Regulations

INSURANCE CONTRACTS REGULATIONS 2017 (F2017L01658) - REG 36

                   For the purposes of section 46 of the Act, each of the following classes of contracts is declared to be a class of contracts in relation to which that section does not apply:

                     (a)  contracts of insurance commonly known as construction risks insurance contracts;

                     (b)  contracts of insurance commonly known as industrial special risks insurance contracts or commercial risks insurance contracts;

                     (c)  contracts of insurance under which the insurer agrees to indemnify the insured, in relation to a business undertaking, against loss resulting from a breakdown of, or malfunction in, machinery (including electronic equipment) or plant of the insured, being:

                              (i)  loss in respect of the repair or replacement of that machinery or plant; or

                             (ii)  any further loss resulting from that breakdown or malfunction;

                            or both, but not against any other loss;

                     (d)  contracts of insurance commonly known as products liability insurance contracts;

                     (e)  contracts of insurance commonly known as "broad form" accidental loss and damage insurance contracts.